Principal Financial Group Inc. Has $30.56 Million Holdings in Carnival Co. & plc (NYSE:CCL)

Principal Financial Group Inc. boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,226,210 shares of the company’s stock after purchasing an additional 64,793 shares during the quarter. Principal Financial Group Inc.’s holdings in Carnival Co. & were worth $30,557,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D raised its stake in Carnival Co. & by 2.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 383,568 shares of the company’s stock valued at $9,559,000 after purchasing an additional 9,200 shares during the last quarter. Americana Partners LLC acquired a new position in Carnival Co. & during the 4th quarter valued at $385,000. Capital Performance Advisors LLP raised its stake in Carnival Co. & by 52.8% during the 4th quarter. Capital Performance Advisors LLP now owns 11,134 shares of the company’s stock valued at $277,000 after purchasing an additional 3,847 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in Carnival Co. & by 111.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 35,905 shares of the company’s stock valued at $895,000 after purchasing an additional 18,892 shares during the last quarter. Finally, Tcfg Wealth Management LLC acquired a new position in Carnival Co. & during the 4th quarter valued at $246,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCL has been the subject of several research analyst reports. Sanford C. Bernstein assumed coverage on shares of 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. Mizuho increased their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. The Goldman Sachs Group increased their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley increased 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. Finally, Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Down 5.6 %

Shares of NYSE CCL opened at $23.19 on Friday. The firm has a market capitalization of $26.99 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. 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 1 year low of $13.78 and a 1 year high of $28.72. The firm’s 50-day moving average is $25.64 and its 200-day moving average is $22.18.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (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 net margin of 7.66% and a return on equity of 24.13%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS. Equities analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

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.