Vontobel Holding Ltd. Buys 52,476 Shares of Carnival Corporation (NYSE:CCL)

Vontobel Holding Ltd. boosted its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 86.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,334 shares of the company's stock after purchasing an additional 52,476 shares during the period. Vontobel Holding Ltd.'s holdings in Carnival were worth $2,213,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CCL. Measured Risk Portfolios Inc. bought a new position in Carnival during the fourth quarter valued at about $29,000. Orion Capital Management LLC bought a new position in Carnival during the fourth quarter valued at about $30,000. Millstone Evans Group LLC bought a new position in Carnival during the fourth quarter valued at about $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival during the fourth quarter valued at about $42,000. Finally, Wealthquest Corp bought a new position in Carnival during the first quarter valued at about $36,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CCL shares. Susquehanna raised their target price on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Citigroup raised their target price on Carnival from $28.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Northcoast Research started coverage on Carnival in a report on Friday, April 25th. They set a "neutral" rating on the stock. Barclays lifted their price objective on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Finally, Hsbc Global Res upgraded Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $28.65.

Carnival Stock Performance

CCL traded up $0.31 on Friday, hitting $29.96. 20,052,785 shares of the stock traded hands, compared to its average volume of 25,242,025. Carnival Corporation has a 52 week low of $13.78 and a 52 week high of $30.24. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $34.98 billion, a PE ratio of 16.19, a P/E/G ratio of 0.66 and a beta of 2.61. The business has a fifty day moving average price of $23.35 and a two-hundred day moving average price of $22.94.

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

About Carnival

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.