Commonwealth Equity Services LLC Purchases 768,368 Shares of Carnival Co. & plc (NYSE:CCL)

Commonwealth Equity Services LLC raised its position in Carnival Co. & plc (NYSE:CCL) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,843,569 shares of the company’s stock after purchasing an additional 768,368 shares during the period. Commonwealth Equity Services LLC owned 0.42% of Carnival Co. & worth $120,702,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CCL. Crewe Advisors LLC boosted its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the 3rd quarter worth $25,000. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & during the 4th quarter valued at approximately $34,000. 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 buying an additional 1,546 shares during the period. Finally, Crews Bank & Trust bought a new stake in Carnival Co. & during the fourth quarter worth about $50,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Truist Financial upped their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday. Finally, Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Stock Up 2.2 %

Shares of Carnival Co. & stock opened at $19.52 on Thursday. The business’s fifty day moving average price is $24.72 and its two-hundred day moving average price is $22.80. The company has a market capitalization of $22.73 billion, a P/E ratio of 14.05, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. 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. & (NYSE:CCL) last issued its 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. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 EPS 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.