Intact Investment Management Inc. Raises Holdings in Carnival Co. & plc (NYSE:CCL)

Intact Investment Management Inc. boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 54.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,700 shares of the company’s stock after purchasing an additional 9,410 shares during the quarter. Intact Investment Management Inc.’s holdings in Carnival Co. & were worth $665,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. State Street Corp increased its holdings in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares during the period. Geode Capital Management LLC increased its holdings in shares of Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after acquiring an additional 811,692 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after acquiring an additional 6,566,120 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock valued at $155,745,000 after acquiring an additional 223,195 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Carnival Co. & by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock valued at $145,571,000 after acquiring an additional 19,768 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 4.2 %

Carnival Co. & stock opened at $19.93 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. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market cap of $23.20 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The stock’s 50 day moving average price is $24.52 and its 200 day moving average price is $22.84.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CCL shares. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Morgan Stanley increased their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. The Goldman Sachs Group raised their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup raised their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.