Carnival Co. & plc (NYSE:CCL) Position Boosted by Savant Capital LLC

Savant Capital LLC lifted its stake in Carnival Co. & plc (NYSE:CCL) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,394 shares of the company’s stock after purchasing an additional 2,046 shares during the quarter. Savant Capital LLC’s holdings in Carnival Co. & were worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCL. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC raised its holdings in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares in the last quarter. Assetmark Inc. boosted its position in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the fourth quarter valued at about $34,000. Finally, Morse Asset Management Inc acquired a new position in Carnival Co. & in the 3rd quarter worth about $46,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Trading Up 1.1 %

Carnival Co. & stock opened at $25.88 on Thursday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The stock has a market cap of $30.13 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The business has a 50 day moving average price of $25.76 and a two-hundred day moving average price of $21.68. 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 posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Truist Financial boosted their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. The Goldman Sachs Group raised their price target 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. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

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.