MidWestOne Financial Group Inc. Cuts Stock Position in Carnival Co. & plc (NYSE:CCL)

MidWestOne Financial Group Inc. lessened its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 25.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,033 shares of the company's stock after selling 24,435 shares during the period. MidWestOne Financial Group Inc.'s holdings in Carnival Co. & were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the last quarter. Geode Capital Management LLC grew its stake in Carnival Co. & by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after purchasing an additional 5,761,489 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after purchasing an additional 877,694 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Carnival Co. & by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after purchasing an additional 2,720,096 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analysts Set New Price Targets

CCL has been the subject of several recent analyst reports. Barclays lowered their price target on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. BNP Paribas initiated coverage on Carnival Co. & in a report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, Loop Capital lowered their price target on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.53.

Carnival Co. & Trading Down 2.1%

Shares of NYSE:CCL opened at $22.89 on Wednesday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a market capitalization of $26.70 billion, a PE ratio of 16.47, a PEG ratio of 0.73 and a beta of 2.50. The business has a 50 day moving average of $19.60 and a two-hundred day moving average of $23.05. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. Carnival Co. &'s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

About Carnival Co. &

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.

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