DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $1.46 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Carnival Co. & plc (NYSE:CCL) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 58,746 shares of the company’s stock after buying an additional 1,379 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Carnival Co. & were worth $1,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Carnival Co. & by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company’s stock valued at $246,681,000 after acquiring an additional 6,444,444 shares during the last quarter. Vanguard Group Inc. raised its position in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Carnival Co. & by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock valued at $116,857,000 after purchasing an additional 3,263,204 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock worth $450,977,000 after purchasing an additional 2,720,096 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $59,486,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Down 0.3 %

NYSE:CCL opened at $20.18 on Friday. The firm has a fifty day simple moving average of $19.20 and a two-hundred day simple moving average of $22.99. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.73 and a beta of 2.50. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period last year, the business posted ($0.14) EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CCL shares. Citigroup cut their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Northcoast Research initiated coverage on shares of Carnival Co. & in a report on Friday, April 25th. They set a “neutral” rating on the stock. William Blair restated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, Loop Capital decreased their price target on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.53.

Carnival Co. & 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.