B. Riley Wealth Advisors Inc. Has $272,000 Stock Position in Carnival Co. & plc (NYSE:CCL)

B. Riley Wealth Advisors Inc. lowered its position in shares of Carnival Co. & plc (NYSE:CCL) by 32.1% during the third quarter, Holdings Channel reports. The fund owned 15,276 shares of the company’s stock after selling 7,229 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Carnival Co. & were worth $272,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CCL. Raymond James & Associates lifted its position in shares of Carnival Co. & by 6.6% in the second quarter. Raymond James & Associates now owns 483,794 shares of the company’s stock worth $9,057,000 after purchasing an additional 30,001 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in Carnival Co. & by 22.7% during the second quarter. Atria Wealth Solutions Inc. now owns 54,974 shares of the company’s stock valued at $1,029,000 after purchasing an additional 10,164 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Carnival Co. & in the second quarter valued at about $184,000. &PARTNERS raised its stake in shares of Carnival Co. & by 12.2% during the 2nd quarter. &PARTNERS now owns 22,572 shares of the company’s stock worth $423,000 after purchasing an additional 2,456 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Carnival Co. & during the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Morgan Stanley upped their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Macquarie boosted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Tigress Financial boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.62.

Carnival Co. & Stock Up 6.4 %

Shares of NYSE CCL opened at $26.80 on Friday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $27.17. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The business has a fifty day moving average of $24.03 and a two-hundred day moving average of $19.51. The stock has a market cap of $30.93 billion, a PE ratio of 23.93 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last announced its quarterly 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 firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) EPS. As a group, equities research analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.00% of the company’s stock.

Carnival Co. & 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.