Dorsey & Whitney Trust CO LLC Purchases Shares of 8,901 Carnival Co. & plc (NYSE:CCL)

Dorsey & Whitney Trust CO LLC purchased a new stake in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 8,901 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors also recently bought and sold shares of CCL. Mizuho Securities USA LLC lifted its holdings in Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after acquiring an additional 6,566,120 shares during the period. State Street Corp raised its stake in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after buying an additional 2,301,906 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $53,636,000. Wedge Capital Management L L P NC raised its stake in shares of Carnival Co. & by 718.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after buying an additional 1,901,224 shares during the period. Finally, Holocene Advisors LP acquired a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $26,806,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCL has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. Loop Capital initiated coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price for the company. Finally, Morgan Stanley upped their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Performance

NYSE CCL opened at $19.09 on Wednesday. The stock has a market cap of $22.22 billion, a PE ratio of 13.73, a P/E/G ratio of 0.73 and a beta of 2.66. 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. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock has a fifty day simple moving average of $24.83 and a 200-day simple moving average of $22.82.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. Equities analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current 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.