Carnival Co. & plc (NYSE:CCL) Stock Position Boosted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its stake in Carnival Co. & plc (NYSE:CCL) by 111.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,905 shares of the company’s stock after acquiring an additional 18,892 shares during the period. J.W. Cole Advisors Inc.’s holdings in Carnival Co. & were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its stake in shares of Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after acquiring an additional 2,889,785 shares during the last quarter. State Street Corp boosted its stake in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Carnival Co. & by 718.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after acquiring an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Carnival Co. & during the third quarter worth $26,806,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 2.0 %

Shares of NYSE CCL opened at $25.71 on Wednesday. The business has a 50 day simple moving average of $25.74 and a 200 day simple moving average of $21.94. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market cap of $29.94 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 0.82 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The company 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 7.66% and a return on equity of 24.13%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Loop Capital assumed coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target on the stock. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Stifel Nicolaus upped 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. Barclays lifted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Finally, Citigroup increased their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

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.