77,117 Shares in Carnival Corporation (NYSE:CCL) Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new stake in Carnival Corporation (NYSE:CCL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 77,117 shares of the company’s stock, valued at approximately $1,506,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Measured Risk Portfolios Inc. purchased a new position in Carnival during the 4th quarter worth $29,000. Orion Capital Management LLC bought a new position in shares of Carnival in the fourth quarter worth $30,000. Millstone Evans Group LLC bought a new stake in Carnival during the fourth quarter valued at approximately $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival in the fourth quarter valued at $42,000. Finally, Ossiam bought a new stake in Carnival in the 4th quarter worth approximately $46,000. 67.19% of the stock is owned by institutional investors.

Carnival Stock Performance

CCL opened at $27.31 on Friday. The company’s 50 day moving average is $22.24 and its 200 day moving average is $22.84. The company has a market cap of $31.86 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.57 and a beta of 2.58. Carnival Corporation has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a current ratio of 0.34, a quick ratio of 0.21 and a debt-to-equity ratio of 2.58.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCL. Mizuho lifted their price objective on Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday. Stifel Nicolaus increased their target price on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna boosted their price objective on shares of Carnival from $27.00 to $30.00 and gave the stock a “positive” rating in a research note on Wednesday. Morgan Stanley raised their target price on shares of Carnival from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Hsbc Global Res raised Carnival from a “moderate sell” rating to a “hold” rating in a research report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Carnival currently has an average rating of “Moderate Buy” and a consensus target price of $28.53.

Carnival 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.