National Bank of Canada FI Has $13.77 Million Holdings in Carnival Co. & plc (NYSE:CCL)

National Bank of Canada FI decreased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 552,549 shares of the company’s stock after selling 61,254 shares during the quarter. National Bank of Canada FI’s holdings in Carnival Co. & were worth $13,770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CCL. Vanguard Group Inc. grew its holdings in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Norges Bank bought a new stake in Carnival Co. & in the 4th quarter valued at about $59,486,000. State Street Corp increased its position in Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after buying an additional 2,301,906 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Carnival Co. & during the 4th quarter worth approximately $53,636,000. Finally, Wedge Capital Management L L P NC boosted its holdings in Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after acquiring an additional 1,901,224 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

CCL has been the topic of a number of recent research reports. BNP Paribas initiated coverage on Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Mizuho boosted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. The Goldman Sachs Group lifted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $16.49 on Friday. The firm’s 50 day moving average is $23.09 and its 200 day moving average is $23.16. The stock has a market capitalization of $19.24 billion, a P/E ratio of 11.86, a PEG ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. 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 posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) earnings per share. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

About Carnival Co. &

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.