Skandinaviska Enskilda Banken AB publ Has $6.49 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Skandinaviska Enskilda Banken AB publ grew its holdings in Carnival Co. & plc (NYSE:CCL) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 258,960 shares of the company’s stock after acquiring an additional 39,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Carnival Co. & were worth $6,487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. grew its position in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. Apollon Wealth Management LLC grew its position in Carnival Co. & by 25.1% during the third quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock worth $374,000 after buying an additional 4,062 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Carnival Co. & by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,490,686 shares of the company’s stock worth $46,028,000 after acquiring an additional 28,403 shares during the period. Kovack Advisors Inc. raised its holdings in Carnival Co. & by 18.4% in the 3rd quarter. Kovack Advisors Inc. now owns 13,377 shares of the company’s stock valued at $247,000 after acquiring an additional 2,078 shares in the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Carnival Co. & by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after acquiring an additional 621 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $19.93 on Friday. The company has a market capitalization of $23.20 billion, a PE ratio of 14.33, a P/E/G 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. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm has a fifty day simple moving average of $24.52 and a 200 day simple moving average of $22.84.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Citigroup upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Loop Capital initiated coverage on Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target for the company. Finally, Stifel Nicolaus decreased their target price on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.89.

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.