Raymond James Financial Inc. Buys Shares of 870,282 Carnival Co. & plc (NYSE:CCL)

Raymond James Financial Inc. purchased a new position in Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 870,282 shares of the company's stock, valued at approximately $21,687,000. Raymond James Financial Inc. owned 0.07% of Carnival Co. & as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in Carnival Co. & in the 3rd quarter valued at about $46,000. Orion Portfolio Solutions LLC bought a new stake in Carnival Co. & during the 3rd quarter valued at $260,000. Sanctuary Advisors LLC lifted its holdings in shares of Carnival Co. & by 70.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 56,928 shares of the company's stock worth $1,052,000 after buying an additional 23,579 shares during the period. World Investment Advisors LLC bought a new stake in shares of Carnival Co. & in the third quarter valued at about $252,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Carnival Co. & during the 3rd quarter worth about $87,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

Shares of CCL traded up $0.13 during mid-day trading on Thursday, hitting $18.61. 5,855,844 shares of the company were exchanged, compared to its average volume of 26,172,091. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a 50 day moving average of $20.38 and a 200-day moving average of $23.08.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the company earned ($0.14) EPS. The firm's revenue was up 7.5% compared to the same quarter last year. Analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. BNP Paribas initiated coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective for the company. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Loop Capital lowered their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Barclays lowered their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus raised their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Company 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.