Avantax Advisory Services Inc. Has $1.14 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Avantax Advisory Services Inc. increased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,816 shares of the company’s stock after buying an additional 770 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Carnival Co. & were worth $1,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC raised its position 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 purchasing an additional 888 shares during the period. Assetmark Inc. raised its holdings in 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 period. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & in the fourth quarter valued at approximately $34,000. Morse Asset Management Inc acquired a new position in shares of Carnival Co. & in the third quarter valued at approximately $46,000. Finally, Crews Bank & Trust bought a new stake in shares of Carnival Co. & during the fourth quarter worth $50,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CCL. Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Barclays increased their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Sanford C. Bernstein started coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Trading Up 4.7 %

Shares of NYSE:CCL opened at $21.08 on Thursday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company has a market capitalization of $24.54 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a 50-day simple moving average of $24.31 and a 200 day simple moving average of $22.92.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share. Sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current 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.