Bokf Na Boosts Position in Carnival Co. & plc (NYSE:CCL)

Bokf Na increased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 23,071.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,344 shares of the company’s stock after purchasing an additional 159,652 shares during the quarter. Bokf Na’s holdings in Carnival Co. & were worth $2,607,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in Carnival Co. & during the first quarter worth approximately $90,000. Canada Pension Plan Investment Board purchased a new stake in Carnival Co. & during the first quarter worth approximately $27,302,000. Axxcess Wealth Management LLC purchased a new stake in Carnival Co. & during the first quarter worth approximately $199,000. CreativeOne Wealth LLC purchased a new stake in Carnival Co. & during the first quarter worth approximately $214,000. Finally, MQS Management LLC purchased a new stake in Carnival Co. & during the first quarter worth approximately $672,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Carnival Co. & stock traded down $0.02 during trading hours on Monday, hitting $17.25. The stock had a trading volume of 4,379,114 shares, compared to its average volume of 30,598,729. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The stock has a market capitalization of $19.36 billion, a price-to-earnings ratio of 26.57 and a beta of 2.68. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The stock’s fifty day moving average is $16.96 and its two-hundred day moving average is $16.09.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. Carnival Co. &’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.31) earnings per share. As a group, analysts predict that Carnival Co. & plc will post 1.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCL. Argus boosted their price objective on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. UBS Group boosted their price objective on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. boosted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Citigroup boosted their price objective on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, Susquehanna reissued a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.11.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.