Carnival Corporation (NYSE:CCL) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its position in Carnival Corporation (NYSE:CCL - Free Report) by 43.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 51,522 shares of the company's stock after buying an additional 15,617 shares during the period. J.W. Cole Advisors Inc.'s holdings in Carnival were worth $1,006,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC grew its holdings in Carnival by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after buying an additional 6,444,444 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Carnival by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after buying an additional 5,761,489 shares in the last quarter. Vanguard Group Inc. increased its holdings in Carnival by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in Carnival in the fourth quarter worth about $100,845,000. Finally, AQR Capital Management LLC lifted its holdings in Carnival by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock worth $116,857,000 after buying an additional 3,263,204 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Trading Down 3.1%

CCL stock traded down $0.96 during mid-day trading on Thursday, hitting $29.79. 16,309,539 shares of the company were exchanged, compared to its average volume of 23,615,586. The business has a fifty day simple moving average of $25.89 and a 200-day simple moving average of $23.36. The firm has a market capitalization of $34.77 billion, a P/E ratio of 16.10, a PEG ratio of 0.67 and a beta of 2.61. Carnival Corporation has a 12-month low of $13.78 and a 12-month high of $31.01. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

Carnival (NYSE:CCL - Get Free Report) last posted its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. Carnival's revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. On average, equities research analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CCL shares. Mizuho raised their target price on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Truist Financial upped their target price on Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a research report on Monday. Stifel Nicolaus raised their price target on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Carnival from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.06.

About Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.