Perpetual Ltd Sells 16,653 Shares of Carnival Corporation (NYSE:CCL)

Perpetual Ltd decreased its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 1.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,630,097 shares of the company's stock after selling 16,653 shares during the period. Perpetual Ltd owned approximately 0.14% of Carnival worth $31,836,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new stake in shares of Carnival in the 4th quarter valued at $29,000. Orion Capital Management LLC bought a new stake in Carnival in the fourth quarter worth $30,000. Millstone Evans Group LLC purchased a new stake in Carnival during the fourth quarter valued at about $34,000. 1620 Investment Advisors Inc. bought a new position in shares of Carnival during the fourth quarter valued at about $42,000. Finally, Wealthquest Corp bought a new position in shares of Carnival during the first quarter valued at about $36,000. Institutional investors own 67.19% of the company's stock.

Carnival Stock Up 4.4%

Carnival stock traded up $1.14 during trading hours on Friday, hitting $27.31. 46,820,661 shares of the stock traded hands, compared to its average volume of 25,266,633. The company has a market cap of $31.86 billion, a PE ratio of 14.76, a PEG ratio of 0.57 and a beta of 2.58. The company has a current ratio of 0.34, a quick ratio of 0.21 and a debt-to-equity ratio of 2.58. The firm's 50-day moving average price is $22.05 and its two-hundred day moving average price is $22.83. Carnival Corporation has a one year low of $13.78 and a one year high of $28.72.

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

Analysts Set New Price Targets

Several research firms recently issued reports on CCL. Mizuho raised their price target on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday. HSBC raised Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price objective for the company in a research note on Friday, May 16th. Susquehanna lifted their target price on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research note on Wednesday. Stifel Nicolaus increased their price target on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, William Blair reissued an "outperform" rating on shares of Carnival in a report on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Carnival currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.

Carnival 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.