Commonwealth Equity Services LLC Raises Holdings in Carnival Co. & plc (NYSE:CCL)

Commonwealth Equity Services LLC lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,075,201 shares of the company’s stock after purchasing an additional 39,491 shares during the period. Commonwealth Equity Services LLC owned about 0.36% of Carnival Co. & worth $75,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. American International Group Inc. lifted its stake in Carnival Co. & by 2.3% in the fourth quarter. American International Group Inc. now owns 272,636 shares of the company’s stock valued at $5,055,000 after buying an additional 6,201 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Carnival Co. & by 6.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 18,559 shares of the company’s stock valued at $344,000 after purchasing an additional 1,162 shares during the last quarter. GAMMA Investing LLC boosted its stake in Carnival Co. & by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares during the period. Mather Group LLC. purchased a new position in Carnival Co. & during the 1st quarter worth $107,000. Finally, Czech National Bank increased its stake in Carnival Co. & by 0.5% in the first quarter. Czech National Bank now owns 177,323 shares of the company’s stock valued at $2,897,000 after purchasing an additional 866 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Down 0.4 %

CCL stock opened at $21.32 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company’s 50-day moving average price is $17.58 and its 200 day moving average price is $16.55. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $21.80. The company has a market cap of $23.93 billion, a P/E ratio of 32.80 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. On average, research analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Bank of America increased their price objective on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Macquarie lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.