Pictet Asset Management Holding SA Sells 22,127 Shares of Carnival Co. & plc (NYSE:CCL)

Pictet Asset Management Holding SA trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 422,103 shares of the company’s stock after selling 22,127 shares during the period. Pictet Asset Management Holding SA’s holdings in Carnival Co. & were worth $10,519,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in Carnival Co. & by 5.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 312,641 shares of the company’s stock worth $7,791,000 after purchasing an additional 17,311 shares during the period. Norges Bank acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at about $59,486,000. Blair William & Co. IL increased its position in Carnival Co. & by 16.0% in the 4th quarter. Blair William & Co. IL now owns 21,899 shares of the company’s stock valued at $546,000 after buying an additional 3,020 shares in the last quarter. NEOS Investment Management LLC raised its stake in Carnival Co. & by 29.8% during the 4th quarter. NEOS Investment Management LLC now owns 64,583 shares of the company’s stock worth $1,609,000 after buying an additional 14,832 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Carnival Co. & by 22.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,678,566 shares of the company’s stock worth $40,923,000 after acquiring an additional 303,484 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Up 3.1 %

Shares of CCL stock opened at $20.00 on Thursday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. 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 has a 50 day moving average of $23.43 and a 200-day moving average of $23.21. The firm has a market cap of $23.33 billion, a P/E ratio of 14.39, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for 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% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) earnings per share. Sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCL shares. Mizuho upped their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. BNP Paribas began coverage on Carnival Co. & in a research note on Thursday, March 27th. They set an “outperform” rating and a $26.00 price target for the company. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.89.

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.