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

Modern Wealth Management LLC purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,544 shares of the company’s stock, valued at approximately $275,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after buying an additional 4,458,329 shares during the last quarter. State Street Corp boosted its holdings in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after acquiring an additional 811,692 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Carnival Co. & by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after acquiring an additional 223,195 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Carnival Co. & by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after purchasing an additional 19,768 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CCL shares. Citigroup cut their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. The Goldman Sachs Group lifted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley increased their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $19.85 on Friday. 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. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm has a market capitalization of $23.10 billion, a PE ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. The business’s 50 day moving average price is $23.79 and its 200-day moving average price is $23.11.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 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 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.14) EPS. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & 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.