Gulf International Bank UK Ltd Has $1.97 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Gulf International Bank UK Ltd lowered its position in shares of Carnival Co. & plc (NYSE:CCL) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,885 shares of the company’s stock after selling 549 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Carnival Co. & were worth $1,965,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. New York Life Investment Management LLC boosted its position in Carnival Co. & by 3.5% during the 4th quarter. New York Life Investment Management LLC now owns 139,925 shares of the company’s stock worth $3,487,000 after acquiring an additional 4,797 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Carnival Co. & by 3.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 89,023 shares of the company’s stock worth $2,218,000 after acquiring an additional 2,620 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after purchasing an additional 203,710 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $53,636,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Carnival Co. & by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after purchasing an additional 19,768 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCL. The Goldman Sachs Group upped their price objective on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Barclays upped their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Loop Capital began coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective on the stock. Finally, Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Stock Up 1.8 %

CCL stock opened at $23.93 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market capitalization of $27.86 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.73 and a beta of 2.64. The business’s fifty day moving average price is $25.45 and its two-hundred day moving average price is $22.45. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) EPS. On average, equities 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.