152,447 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by OLD National Bancorp IN

OLD National Bancorp IN bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 152,447 shares of the company’s stock, valued at approximately $3,799,000.

A number of other hedge funds have also recently modified their holdings of the business. Public Sector Pension Investment Board boosted its holdings in Carnival Co. & by 69.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 38,764 shares of the company’s stock valued at $726,000 after acquiring an additional 15,856 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Carnival Co. & by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 613,295 shares of the company’s stock valued at $11,481,000 after purchasing an additional 3,561 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Carnival Co. & by 3.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 53,619 shares of the company’s stock worth $1,004,000 after purchasing an additional 1,585 shares during the last quarter. Quarry LP increased its stake in Carnival Co. & by 174.9% in the 2nd quarter. Quarry LP now owns 3,665 shares of the company’s stock worth $69,000 after buying an additional 2,332 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Carnival Co. & by 29.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,505 shares of the company’s stock valued at $421,000 after buying an additional 5,108 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 2.1 %

CCL stock opened at $28.50 on Friday. The stock has a market capitalization of $33.17 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.80 and a beta of 2.64. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.50. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a 50 day moving average of $25.46 and a 200 day moving average of $21.10.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 7.66% and a return on equity of 24.13%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. Sell-side analysts forecast that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCL. Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Citigroup lifted their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Macquarie lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Barclays increased their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price of $27.24.

About Carnival Co. &

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.