10,544 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,544 shares of the company’s stock, valued at approximately $275,000.

Several other institutional investors have also modified their holdings of CCL. Hartford Investment Management Co. lifted its holdings in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after acquiring an additional 387 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in shares of Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after purchasing an additional 475 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after purchasing an additional 521 shares during the last quarter. Finally, Graypoint LLC raised its holdings in Carnival Co. & by 5.3% in the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after buying an additional 560 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of recent analyst reports. Loop Capital dropped their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Mizuho lifted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 24th. BNP Paribas started coverage on Carnival Co. & in a research note on Thursday. They set an “outperform” rating and a $26.00 price target on the stock. Morgan Stanley boosted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Finally, William Blair restated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Trading Down 4.5 %

NYSE:CCL opened at $19.85 on Friday. 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. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market cap of $23.10 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. The stock has a 50-day simple moving average of $23.79 and a 200-day simple moving average of $23.11.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.14) earnings per share. As a group, analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.