Carnival Co. & plc (NYSE:CCL) Position Boosted by Waldron Private Wealth LLC

Waldron Private Wealth LLC raised its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 100.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,680 shares of the company’s stock after acquiring an additional 12,887 shares during the period. Waldron Private Wealth LLC’s holdings in Carnival Co. & were worth $640,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Encompass Wealth Advisors LLC lifted its holdings in Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after purchasing an additional 451 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 valued at $1,224,000 after purchasing an additional 521 shares during the period. Graypoint LLC boosted its stake in Carnival Co. & by 5.3% during the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after buying an additional 560 shares in the last quarter. UMB Bank n.a. grew its holdings in 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 acquiring an additional 561 shares during the period. Finally, RFG Advisory LLC raised its holdings in shares of Carnival Co. & by 5.8% in the 4th quarter. RFG Advisory LLC now owns 10,803 shares of the company’s stock worth $269,000 after purchasing an additional 591 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CCL. Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Stifel Nicolaus boosted their target price on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Citigroup boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $27.66 on Friday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a market cap of $32.20 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.87 and a beta of 2.64. The business’s 50 day moving average is $25.58 and its two-hundred day moving average is $21.22. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm 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 business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. On average, equities analysts expect that Carnival Co. & plc will post 1.76 EPS for the current 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.