Whelan Financial Purchases New Stake in Carnival Co. & plc (NYSE:CCL)

Whelan Financial acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,832 shares of the company’s stock, valued at approximately $220,000.

Several other large investors also recently made changes to their positions in CCL. Woodline Partners LP purchased a new stake in Carnival Co. & during the 4th quarter worth $1,555,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Carnival Co. & in the fourth quarter worth about $100,845,000. Two Sigma Advisers LP grew its stake in shares of Carnival Co. & by 58.1% in the fourth quarter. Two Sigma Advisers LP now owns 7,056,246 shares of the company’s stock valued at $175,842,000 after buying an additional 2,593,046 shares in the last quarter. Tabor Asset Management LP raised its holdings in shares of Carnival Co. & by 63.3% during the 4th quarter. Tabor Asset Management LP now owns 450,548 shares of the company’s stock valued at $11,228,000 after buying an additional 174,623 shares during the period. Finally, Tidal Investments LLC lifted its position in Carnival Co. & by 65.8% during the 4th quarter. Tidal Investments LLC now owns 121,273 shares of the company’s stock worth $3,022,000 after acquiring an additional 48,126 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCL. Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Citigroup lowered their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, March 24th. Macquarie dropped their price target on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Finally, HSBC raised Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 target price on the stock in a research report on Friday. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.53.

Carnival Co. & Price Performance

CCL opened at $23.38 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company’s 50-day moving average price is $19.53 and its 200 day moving average price is $23.05. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL) last posted its 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. The company had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) earnings per share. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Carnival Co. & 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.