Wealthfront Advisers LLC grew its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 8.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,972 shares of the company's stock after buying an additional 9,406 shares during the quarter. Wealthfront Advisers LLC's holdings in Carnival were worth $2,324,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CCL. FMR LLC boosted its position in shares of Carnival by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after purchasing an additional 6,444,444 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Carnival by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after buying an additional 5,761,489 shares in the last quarter. Vanguard Group Inc. increased its stake in Carnival by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Carnival during the 4th quarter worth $100,845,000. Finally, AQR Capital Management LLC lifted its holdings in Carnival by 228.8% in the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after acquiring an additional 3,263,204 shares during the last quarter. Institutional investors own 67.19% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Tigress Financial restated a "buy" rating on shares of Carnival in a research note on Wednesday, March 26th. Bank of America boosted their target price on Carnival from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Citigroup upped their price objective on Carnival from $30.00 to $37.00 and gave the stock a "buy" 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 report on Friday, May 16th. Finally, Macquarie cut their price target on Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Carnival currently has an average rating of "Moderate Buy" and an average target price of $29.06.
Get Our Latest Stock Report on Carnival
Carnival Stock Performance
CCL traded up $0.11 during trading on Friday, reaching $29.56. 17,141,998 shares of the company were exchanged, compared to its average volume of 25,128,432. The stock has a market cap of $34.51 billion, a P/E ratio of 15.98, a PEG ratio of 0.65 and a beta of 2.61. The firm has a 50 day moving average of $25.30 and a 200 day moving average of $23.19. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 52 week low of $13.78 and a 52 week high of $30.46.
Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the company posted $0.11 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.
About Carnival
(
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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