SYM FINANCIAL Corp Takes Position in Carnival Co. & plc (NYSE:CCL)

SYM FINANCIAL Corp acquired a new stake in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,644 shares of the company’s stock, valued at approximately $315,000.

A number of other large investors also recently bought and sold shares of CCL. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the 3rd quarter valued at approximately $25,000. Assetmark Inc. raised its position in Carnival Co. & by 1,431.5% in 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 period. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the fourth quarter worth $34,000. CVA Family Office LLC boosted its position in shares of Carnival Co. & by 163.9% during the third 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 during the period. Finally, Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the third quarter valued at $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CCL. Bank of America increased their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group raised their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.24.

Carnival Co. & Price Performance

Shares of CCL opened at $27.66 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock’s 50 day moving average is $25.58 and its two-hundred day moving average is $21.23. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm has a market capitalization of $32.20 billion, a PE ratio of 19.90, a P/E/G ratio of 0.87 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.94 billion. During the same period in the previous year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts anticipate that Carnival Co. & plc will post 1.76 earnings per share for the current year.

About Carnival Co. &

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.