Resona Asset Management Co. Ltd. raised its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,607 shares of the company's stock after acquiring an additional 24,422 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Carnival were worth $6,278,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in Carnival during the first quarter valued at $25,000. Graybill Wealth Management LTD. bought a new position in Carnival during the 1st quarter worth about $26,000. Measured Risk Portfolios Inc. bought a new position in Carnival during the 4th quarter worth about $29,000. Orion Capital Management LLC bought a new position in Carnival during the 4th quarter worth about $30,000. Finally, Zions Bancorporation National Association UT bought a new position in Carnival during the 1st quarter worth about $35,000. Institutional investors own 67.19% of the company's stock.
Insider Transactions at Carnival
In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The shares were 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 approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.60% of the company's stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Mizuho increased their target price on shares of Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Susquehanna increased their target price on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a report on Wednesday, June 25th. Bank of America increased their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Barclays increased their target price on shares of Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.71.
View Our Latest Research Report on CCL
Carnival Price Performance
Shares of NYSE CCL opened at $30.27 on Friday. The stock has a market capitalization of $35.33 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.69 and a beta of 2.70. Carnival Corporation has a 12 month low of $15.03 and a 12 month high of $31.01. The firm's 50 day simple moving average is $27.81 and its 200-day simple moving average is $23.83. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.
Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Analysts expect that Carnival Corporation will post 1.77 EPS for the current year.
Carnival Profile
(
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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