PNC Financial Services Group Inc. Has $3.27 Million Holdings in Carnival Co. & plc (NYSE:CCL)

PNC Financial Services Group Inc. lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 7.3% during the 4th quarter, HoldingsChannel reports. The fund owned 176,147 shares of the company’s stock after acquiring an additional 12,017 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Carnival Co. & were worth $3,266,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CCL. Sunbelt Securities Inc. grew its stake in Carnival Co. & by 4.1% during the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after buying an additional 601 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Carnival Co. & by 10.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after buying an additional 689 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares in the last quarter. M&T Bank Corp grew its stake in Carnival Co. & by 1.5% during the fourth quarter. M&T Bank Corp now owns 55,145 shares of the company’s stock worth $1,022,000 after buying an additional 835 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Carnival Co. & by 8.7% during the fourth quarter. Signaturefd LLC now owns 10,648 shares of the company’s stock worth $197,000 after buying an additional 852 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Up 2.4 %

Shares of NYSE CCL opened at $15.13 on Friday. The company has a 50 day simple moving average of $15.24 and a 200 day simple moving average of $15.90. The firm has a market cap of $16.98 billion, a PE ratio of 58.19 and a beta of 2.53. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.55) EPS. On average, research analysts forecast that Carnival Co. & plc will post 1.02 EPS for the current year.

Analyst Ratings Changes

CCL has been the topic of a number of analyst reports. Susquehanna reduced their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Monday, March 25th. Barclays increased their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. UBS Group raised their price target on shares of Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group started coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.58.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.