Principal Financial Group Inc. increased its holdings in Carnival Co. stock. & plc (NYSE:CCL – Get Rating ) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 982,082 shares of the company’s stock after purchasing an additional 18,638 shares during the period. Principal Financial Group Inc. owned about 0.10% of Carnival Co. worth $19,858,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its stake in Carnival Co. and by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 51,000 shares of the company’s stock valued at $1,001,000 after buying an additional 600 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Carnival Co. and by 1.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 60,128 shares of the company’s stock worth $1,216,000 after purchasing an additional 682 shares during the period. Lincoln National Corp increased its position in shares of Carnival Co. and by 3.8% in the first quarter. Lincoln National Corp now owns 18,551 shares of the company’s stock valued at $375,000 after purchasing an additional 684 shares during the period. We Are One Seven LLC increased its position in shares of Carnival Co. and by 4.8% in the 4th quarter. We Are One Seven LLC now owns 15,645 shares of the company’s stock valued at $315,000 after purchasing an additional 710 shares during the period. Finally, Howard Financial Services LTD. increased its position in shares of Carnival Co. and by 6.1% in the first quarter. Howard Financial Services LTD. now owns 13,475 shares of the company’s stock worth $272,000 after purchasing an additional 776 shares during the period. 65.38% of the shares are currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Randall J. Weisenburger purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was bought at an average cost of $11.76 per share, for a total transaction of $1,176,000.00. Following the transaction, the director now directly owns 870,950 shares in the company, valued at $10,242,372. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available through this link. 12.50% of the shares are owned by domestic corporations.
Carnival Co. & Price Performance
Shares of NYSE:CCL opened at $10.45 on Friday. The firm has a 50-day moving average of $9.63 and a 200-day moving average of $15.02. The stock has a market capitalization of $10.39 billion, a PE ratio of -1.29 and a beta of 2.08. The company has a current ratio of 0.64, a quick ratio of 0.61, and a debt-to-equity ratio of 3.54. Carnival Co. & plc has a 12-month low of $8.10 and a 12-month high of $27.39.
Carnival Co. & (NYSE:CCL – Get Rating ) last released its earnings results on Friday, June 24th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.14) by ($0.50). The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.83 billion. Carnival Co. & had a negative net margin of 156.75% and a negative return on equity of 67.51%. During the same quarter a year ago, the firm posted ($1.80) earnings per share. On average, equities research analysts predict that Carnival Co. & plc will post -3.75 EPS for the current fiscal year.
Analysts set new price targets
A number of research analysts have recently commented on CCL shares. Citigroup cut their price target on shares of Carnival Co. and from $22.00 to $12.50 and set a “neutral” rating for the company in a research report on Tuesday, June 28th. Barclays initiated coverage on shares of Carnival Co. and in a research report on Tuesday, June 28th. They issued an “overweight” rating and a $14.00 price objective for the company. Peel Hunt downgraded shares of Carnival Co. and to a “buy” rating in report on Tuesday, June 28. HSBC decreased their target price on shares of Carnival Co. and from $18.20 to $7.70 and set a “reduce” rating for the company in a report on Tuesday, June 14th. Finally, Wells Fargo & Company decreased their target price on shares of Carnival Co. and from $21.00 to $13.00 and set an “underweight” rating for the company in a report on Monday, June 27th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of “Hold” and an average target price of $15.98.
About Carnival Co. &
(Get rating)
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard brand names. The company also offers port destinations and other services, and owns and operates hotels, lodges, glass dome railways and buses.
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