OFI Invest Asset Management Makes New $2.81 Million Investment in Carnival Co. & plc (NYSE:CCL)

OFI Invest Asset Management purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 116,600 shares of the company’s stock, valued at approximately $2,806,000.

A number of other hedge funds also recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC bought a new position in Carnival Co. & during the 4th quarter worth $222,000. PNC Financial Services Group Inc. increased its stake in shares of Carnival Co. & by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 200,169 shares of the company’s stock valued at $4,988,000 after buying an additional 8,335 shares during the period. Banco Santander S.A. bought a new position in shares of Carnival Co. & during the fourth quarter worth about $421,000. Andra AP fonden acquired a new position in shares of Carnival Co. & in the fourth quarter worth approximately $5,866,000. Finally, E Fund Management Co. Ltd. boosted its holdings in Carnival Co. & by 1.6% in the fourth quarter. E Fund Management Co. Ltd. now owns 54,935 shares of the company’s stock valued at $1,369,000 after acquiring an additional 859 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $20.62 on Friday. 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 firm has a 50-day moving average of $25.07 and a 200-day moving average of $22.73. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a market cap of $24.00 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) EPS. Equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.