Eagle Wealth Strategies LLC Reduces Stake in Carnival Co. & plc (NYSE:CCL)

Eagle Wealth Strategies LLC trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,973 shares of the company’s stock after selling 4,499 shares during the quarter. Carnival Co. & comprises approximately 0.5% of Eagle Wealth Strategies LLC’s portfolio, making the stock its 23rd biggest position. Eagle Wealth Strategies LLC’s holdings in Carnival Co. & were worth $672,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Advisory Alpha LLC boosted its position in shares of Carnival Co. & by 18.1% in the 4th quarter. Advisory Alpha LLC now owns 16,413 shares of the company’s stock valued at $409,000 after purchasing an additional 2,510 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after buying an additional 1,678 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth about $214,000. UMB Bank n.a. grew its holdings in shares of Carnival Co. & by 5.1% during the fourth quarter. UMB Bank n.a. now owns 11,615 shares of the company’s stock worth $289,000 after buying an additional 561 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in Carnival Co. & by 2.6% in the 4th quarter. HB Wealth Management LLC now owns 25,155 shares of the company’s stock valued at $627,000 after acquiring an additional 637 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Tigress Financial increased their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. The Goldman Sachs Group lifted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Barclays lifted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Finally, Mizuho increased their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.18.

Carnival Co. & Trading Down 0.9 %

NYSE:CCL opened at $25.62 on Wednesday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $27.17. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a fifty day simple moving average of $25.27 and a 200-day simple moving average of $20.77. The company has a market capitalization of $29.57 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, equities research analysts expect that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal 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.