Carnival Co. & plc (NYSE:CCL) Shares Bought by TCW Group Inc.

TCW Group Inc. increased its position in Carnival Co. & plc (NYSE:CCL) by 9.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,998 shares of the company’s stock after buying an additional 1,197 shares during the period. TCW Group Inc.’s holdings in Carnival Co. & were worth $262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. boosted its stake in Carnival Co. & by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after buying an additional 2,638,564 shares during the last quarter. Norges Bank acquired a new stake in shares of Carnival Co. & in the fourth quarter worth approximately $40,236,000. Goldentree Asset Management LP purchased a new stake in Carnival Co. & in the first quarter valued at approximately $31,917,000. Canada Pension Plan Investment Board acquired a new position in Carnival Co. & during the first quarter worth approximately $27,302,000. Finally, Panagora Asset Management Inc. raised its stake in Carnival Co. & by 1,599.8% during the fourth quarter. Panagora Asset Management Inc. now owns 963,261 shares of the company’s stock worth $17,859,000 after purchasing an additional 906,591 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Down 1.8 %

NYSE:CCL traded down $0.28 during mid-day trading on Friday, reaching $15.46. The stock had a trading volume of 23,514,039 shares, compared to its average volume of 30,559,762. The stock’s 50 day simple moving average is $16.80 and its two-hundred day simple moving average is $15.94. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 23.78 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the business earned ($0.31) EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts anticipate that Carnival Co. & plc will post 1.18 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CCL shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. boosted their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price objective on Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Bank of America boosted their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, Citigroup increased their price target on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

About Carnival Co. &

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.