Sumitomo Mitsui DS Asset Management Company Ltd Buys 19,356 Shares of Carnival Co. & plc (NYSE:CCL)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Carnival Co. & plc (NYSE:CCL) by 18.5% during the 4th quarter, Holdings Channel reports. The fund owned 124,004 shares of the company’s stock after acquiring an additional 19,356 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Carnival Co. & were worth $3,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after buying an additional 1,678 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Carnival Co. & by 72.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after acquiring an additional 1,204,500 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Carnival Co. & in the 3rd quarter worth about $1,140,000. Commonwealth Equity Services LLC boosted its holdings in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after purchasing an additional 39,491 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in shares of Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after purchasing an additional 24,198 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

CCL stock opened at $26.75 on Monday. The firm has a 50 day simple moving average of $25.77 and a two-hundred day simple moving average of $21.54. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market cap of $31.14 billion, a PE ratio of 19.24, a P/E/G ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays increased their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Mizuho boosted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus increased their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

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.