OLD National Bancorp IN Takes Position in Carnival Co. & plc (NYSE:CCL)

OLD National Bancorp IN acquired a new position in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 152,447 shares of the company’s stock, valued at approximately $3,799,000.

Several other large investors also recently added to or reduced their stakes in CCL. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & during the 3rd quarter worth $25,000. Assetmark Inc. lifted its position in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. CVA Family Office LLC lifted its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. Morse Asset Management Inc bought a new stake in Carnival Co. & during the third quarter valued at about $46,000. Finally, Avior Wealth Management LLC increased its position in Carnival Co. & by 50.7% in the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after buying an additional 924 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CCL shares. Morgan Stanley boosted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. Tigress Financial increased their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.24.

Carnival Co. & Price Performance

CCL stock opened at $28.50 on Friday. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.50. The firm has a market capitalization of $33.17 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 0.80 and a beta of 2.64. The company has a fifty day simple moving average of $25.46 and a two-hundred day simple moving average of $21.10. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the firm earned ($0.07) EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts anticipate 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.