8,239 Shares in Carnival Co. & plc (NYSE:CCL) Bought by Gries Financial LLC

Gries Financial LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 8,239 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in CCL. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & during the 3rd quarter valued at about $25,000. Assetmark Inc. lifted its position in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. CVA Family Office LLC grew its stake in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Carnival Co. & in the 3rd quarter worth $46,000. Finally, Avior Wealth Management LLC raised its position in shares of Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after buying an additional 924 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Up 2.1 %

NYSE CCL opened at $28.50 on Friday. The business’s 50-day moving average is $25.46 and its 200 day moving average is $21.10. The stock has a market capitalization of $33.17 billion, a PE ratio of 20.50, a PEG ratio of 0.80 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.50.

Carnival Co. & (NYSE:CCL) last posted 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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the previous year, the firm earned ($0.07) earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CCL shares. The Goldman Sachs Group increased their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Bank of America boosted their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

Carnival Co. & 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.