Carnival Co. & plc (NYSE:CCL) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its stake in Carnival Co. & plc (NYSE:CCL) by 14.3% during the second quarter, Holdings Channel.com reports. The firm owned 78,629 shares of the company’s stock after selling 13,130 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Carnival Co. & were worth $1,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CCL. TCW Group Inc. acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $280,000. Empowered Funds LLC raised its holdings in shares of Carnival Co. & by 29.4% in the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after purchasing an additional 3,741 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after purchasing an additional 103,501 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Carnival Co. & by 7.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 176,147 shares of the company’s stock worth $3,266,000 after purchasing an additional 12,017 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in Carnival Co. & by 38.3% in the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after buying an additional 11,276 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CCL shares. Stifel Nicolaus lifted their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday. Susquehanna reaffirmed a “positive” rating and issued a $22.00 price target on shares of Carnival Co. & in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft increased their price target 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. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Finally, Citigroup upped their target price on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Carnival Co. & Stock Performance

NYSE CCL opened at $19.00 on Friday. The firm has a market cap of $21.33 billion, a P/E ratio of 29.23 and a beta of 2.68. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74. The business’s 50-day moving average price is $16.59 and its 200 day moving average price is $16.14. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last announced 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. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same period last year, the business posted ($0.31) EPS. The company’s revenue was up 17.7% on a year-over-year basis. On average, equities research analysts expect that Carnival Co. & plc will post 1.19 earnings per share for the current year.

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.