Daiwa Securities Group Inc. Has $1.70 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Daiwa Securities Group Inc. trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 63.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,811 shares of the company's stock after selling 162,236 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Carnival Co. & were worth $1,702,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at about $459,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Carnival Co. & by 3.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 430,894 shares of the company's stock valued at $7,989,000 after purchasing an additional 13,969 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Carnival Co. & by 32.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,125,861 shares of the company's stock valued at $20,873,000 after purchasing an additional 277,911 shares during the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at about $382,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Carnival Co. & in the fourth quarter valued at about $1,129,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock traded up $0.51 during midday trading on Tuesday, reaching $14.79. The company had a trading volume of 25,345,869 shares, compared to its average volume of 31,985,047. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 56.88 and a beta of 2.54. The stock has a fifty day simple moving average of $15.58 and a 200 day simple moving average of $15.44. Carnival Co. & plc has a 1-year low of $8.70 and a 1-year high of $19.74.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.04. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. Carnival Co. &'s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.55) earnings per share. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.01 earnings per share for the current year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares of the company's stock, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CCL shares. Stifel Nicolaus reduced their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. The Goldman Sachs Group started coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They issued a "buy" rating and a $20.00 target price for the company. William Blair reiterated an "outperform" rating on shares of Carnival Co. & in a research note on Monday. Macquarie raised their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Company upgraded shares of Carnival Co. & from an "equal weight" rating to an "overweight" rating and set a $22.00 price target for the company in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.47.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.