Carnival Corporation (NYSE:CCL) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of Carnival Corporation (NYSE:CCL) by 56.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,969 shares of the company’s stock after selling 69,708 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Carnival were worth $1,034,000 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. Vanguard Group Inc. increased its position in Carnival by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after buying an additional 4,458,329 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Carnival by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Carnival by 33.7% in the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after acquiring an additional 5,761,489 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Carnival by 4.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock worth $464,747,000 after purchasing an additional 877,694 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Carnival by 17.7% during the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock worth $450,977,000 after purchasing an additional 2,720,096 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of research analyst reports. Barclays raised their target price on Carnival from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, June 25th. HSBC raised Carnival from a “reduce” rating to a “hold” rating and set a $24.00 price target on the stock in a research note on Friday, May 16th. Tigress Financial reiterated a “buy” rating on shares of Carnival in a research report on Wednesday, March 26th. BNP Paribas started coverage on Carnival in a research report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Bank of America boosted their target price on Carnival from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.65.

Carnival Trading Up 3.5%

Shares of CCL stock opened at $29.64 on Thursday. The stock has a market capitalization of $34.60 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.63 and a beta of 2.61. Carnival Corporation has a 1 year low of $13.78 and a 1 year high of $29.72. The company’s fifty day simple moving average is $22.89 and its two-hundred day simple moving average is $22.90. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The business had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.

About Carnival

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.