National Pension Service Has $49.31 Million Stock Holdings in Carnival Corporation (NYSE:CCL)

National Pension Service increased its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,524,757 shares of the company's stock after purchasing an additional 113,463 shares during the period. National Pension Service owned approximately 0.22% of Carnival worth $49,309,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in Carnival in the fourth quarter worth $29,000. Orion Capital Management LLC bought a new stake in Carnival in the fourth quarter worth $30,000. N.E.W. Advisory Services LLC bought a new stake in Carnival in the first quarter worth $25,000. Graybill Wealth Management LTD. bought a new stake in Carnival in the first quarter worth $26,000. Finally, Zions Bancorporation National Association UT bought a new stake in Carnival in the first quarter worth $35,000. 67.19% of the stock is currently owned by institutional investors.

Insider Activity at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director owned 64,406 shares of the company's stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.60% of the stock is owned by company insiders.

Carnival Stock Down 1.2%

NYSE CCL opened at $30.27 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The firm has a 50-day simple moving average of $27.81 and a 200 day simple moving average of $23.83. Carnival Corporation has a twelve month low of $15.03 and a twelve month high of $31.01. The stock has a market cap of $35.33 billion, a PE ratio of 16.36, a PEG ratio of 0.69 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. On average, research analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Loop Capital reiterated a "hold" rating and issued a $22.00 price objective on shares of Carnival in a report on Monday, June 23rd. Tigress Financial upped their price target on shares of Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Hsbc Global Res upgraded shares of Carnival from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Barclays upped their price target on shares of Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Finally, Northcoast Research assumed coverage on shares of Carnival in a report on Friday, April 25th. They set a "neutral" rating for the company. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.71.

Carnival Company Profile

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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