Independent Advisor Alliance Has $2.11 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Independent Advisor Alliance cut its stake in Carnival Co. & plc (NYSE:CCL) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,748 shares of the company’s stock after selling 9,204 shares during the quarter. Independent Advisor Alliance’s holdings in Carnival Co. & were worth $2,112,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CCL. Crewe Advisors LLC boosted its holdings in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the period. Ashton Thomas Securities LLC bought a new position in Carnival Co. & during the third quarter worth about $25,000. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & in the 4th quarter valued at $34,000. Assetmark Inc. lifted its stake in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in Carnival Co. & during the fourth quarter worth approximately $50,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on CCL shares. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Barclays increased their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Loop Capital started coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $19.10 on Friday. 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’s 50 day moving average is $24.60 and its 200-day moving average is $22.77. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS 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.