Banco Santander S.A. Acquires Shares of 16,885 Carnival Co. & plc (NYSE:CCL)

Banco Santander S.A. bought a new position in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, Holdings Channel.com reports. The firm bought 16,885 shares of the company’s stock, valued at approximately $421,000.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new position in Carnival Co. & in the third quarter worth $1,140,000. Principal Financial Group Inc. raised its stake in shares of Carnival Co. & by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock worth $21,463,000 after purchasing an additional 35,745 shares during the period. Assetmark Inc. boosted its holdings in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the last quarter. Sigma Planning Corp grew its position in Carnival Co. & by 23.7% during the third quarter. Sigma Planning Corp now owns 39,877 shares of the company’s stock valued at $737,000 after buying an additional 7,633 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & during the third quarter worth about $25,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $19.07 on Tuesday. The business has a 50-day simple moving average of $24.95 and a 200 day simple moving average of $22.80. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market cap of $22.20 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

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

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. Barclays raised their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Mizuho upped their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley lifted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Finally, Bank of America upped their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $27.11.

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.