MidWestOne Financial Group Inc. decreased its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,033 shares of the company's stock after selling 24,435 shares during the quarter. MidWestOne Financial Group Inc.'s holdings in Carnival Co. & were worth $1,795,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CCL. Nisa Investment Advisors LLC boosted its stake in shares of Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after acquiring an additional 1,678 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Carnival Co. & by 153.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock worth $8,386,000 after purchasing an additional 203,710 shares during the period. Private Advisor Group LLC grew its holdings in Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after buying an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC raised its position in shares of Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after buying an additional 14,165 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $59,486,000. Institutional investors own 67.19% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Mizuho boosted their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Macquarie cut their price target on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.53.
View Our Latest Report on CCL
Carnival Co. & Trading Down 0.7%
Shares of CCL stock traded down $0.16 on Monday, reaching $22.27. 15,872,579 shares of the company's stock were exchanged, compared to its average volume of 25,877,955. The company's fifty day simple moving average is $19.72 and its 200 day simple moving average is $23.03. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $25.98 billion, a PE ratio of 16.02, a P/E/G ratio of 0.73 and a beta of 2.50.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share. As a group, analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.
About Carnival Co. &
(
Free Report)
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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