Deutsche Bank AG Has $84.05 Million Position in Carnival Co. & plc (NYSE:CCL)

Deutsche Bank AG raised its holdings in Carnival Co. & plc (NYSE:CCL) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,372,896 shares of the company’s stock after acquiring an additional 467,299 shares during the quarter. Deutsche Bank AG owned about 0.29% of Carnival Co. & worth $84,053,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Carnival Co. & by 2.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 58,746 shares of the company’s stock worth $1,464,000 after buying an additional 1,379 shares during the last quarter. Concentric Capital Strategies LP acquired a new stake in Carnival Co. & in the 4th quarter worth approximately $4,913,000. CoreCap Advisors LLC boosted its position in Carnival Co. & by 820.5% during the fourth quarter. CoreCap Advisors LLC now owns 15,906 shares of the company’s stock worth $396,000 after purchasing an additional 14,178 shares during the period. Corton Capital Inc. acquired a new position in Carnival Co. & during the fourth quarter valued at approximately $359,000. Finally, Cetera Investment Advisers raised its position in shares of Carnival Co. & by 8.6% in the fourth quarter. Cetera Investment Advisers now owns 252,731 shares of the company’s stock valued at $6,298,000 after purchasing an additional 20,057 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Down 0.3%

NYSE CCL opened at $20.18 on Monday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.73 and a beta of 2.50. The stock’s 50 day moving average is $19.20 and its two-hundred day moving average is $23.00. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results 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 business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the firm earned ($0.14) EPS. Carnival Co. &’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CCL shares. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, March 24th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Barclays cut their price objective on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. StockNews.com downgraded Carnival Co. & from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, Northcoast Research began coverage on Carnival Co. & in a research report on Friday, April 25th. They issued a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.