PFG Investments LLC Trims Stake in Carnival Co. & plc (NYSE:CCL)

PFG Investments LLC cut its position in shares of Carnival Co. & plc (NYSE:CCL) by 7.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,906 shares of the company’s stock after selling 1,753 shares during the quarter. PFG Investments LLC’s holdings in Carnival Co. & were worth $546,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its stake in shares of Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after acquiring an additional 6,566,120 shares during the last quarter. International Assets Investment Management LLC increased its stake in Carnival Co. & by 2,400.1% in the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the period. State Street Corp lifted its position in shares of Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Carnival Co. & by 718.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after purchasing an additional 1,901,224 shares during the period. Finally, Holocene Advisors LP bought a new position in shares of Carnival Co. & in the third quarter worth about $26,806,000. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Citigroup upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $28.00 on Thursday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.12. The business’s fifty day simple moving average is $25.41 and its 200-day simple moving average is $21.06. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $32.31 billion, a PE ratio of 20.14, a PEG ratio of 0.80 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS. Analysts expect that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

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.