Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Carnival Corp (NYSE:CCL) by 25.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,446 shares of the company’s stock after purchasing an additional 14,714 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carnival were worth $4,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CCL. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Carnival by 0.9% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 238,058 shares of the company’s stock worth $15,800,000 after buying an additional 2,133 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Carnival by 11.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 36,955 shares of the company’s stock worth $2,453,000 after buying an additional 3,895 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Carnival in the fourth quarter worth about $8,375,000. Xact Kapitalforvaltning AB boosted its holdings in shares of Carnival by 5.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 64,289 shares of the company’s stock worth $4,267,000 after buying an additional 3,597 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Carnival by 1.6% in the first quarter. Wells Fargo & Company MN now owns 1,896,152 shares of the company’s stock worth $124,349,000 after buying an additional 29,670 shares during the period. 77.61% of the stock is currently owned by institutional investors.

CCL stock opened at $59.53 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.24 and a debt-to-equity ratio of 0.34. The company has a market cap of $31.09 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.92 and a beta of 0.89. Carnival Corp has a 52 week low of $56.45 and a 52 week high of $72.70.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Monday, June 25th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.59 by $0.09. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Carnival had a net margin of 15.40% and a return on equity of 12.31%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. analysts anticipate that Carnival Corp will post 4.24 earnings per share for the current year.

Several research analysts have commented on CCL shares. Deutsche Bank raised their target price on shares of Carnival from $70.00 to $71.00 and gave the stock a “hold” rating in a report on Friday, March 23rd. Berenberg Bank upgraded shares of Carnival from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Barclays upgraded shares of Carnival from an “equal weight” rating to an “overweight” rating and set a $77.00 target price for the company in a report on Friday, March 23rd. Stifel Nicolaus raised their target price on shares of Carnival from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Finally, Credit Suisse Group set a $84.00 target price on shares of Carnival and gave the stock a “buy” rating in a report on Wednesday, April 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Carnival presently has a consensus rating of “Buy” and an average target price of $74.78.

In related news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $62.91, for a total transaction of $314,550.00. Following the completion of the sale, the chief executive officer now directly owns 132,648 shares in the company, valued at $8,344,885.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 23.80% of the company’s stock.

About Carnival

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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