Eagle Wealth Strategies LLC Cuts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Eagle Wealth Strategies LLC lessened its position in Carnival Co. & plc (NYSE:CCL) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,973 shares of the company’s stock after selling 4,499 shares during the quarter. Carnival Co. & comprises 0.5% of Eagle Wealth Strategies LLC’s holdings, making the stock its 23rd largest position. Eagle Wealth Strategies LLC’s holdings in Carnival Co. & were worth $672,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in Carnival Co. & by 49.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 240,019 shares of the company’s stock valued at $4,493,000 after acquiring an additional 78,895 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Carnival Co. & by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after purchasing an additional 473,848 shares during the last quarter. Blair William & Co. IL grew its position in shares of Carnival Co. & by 13.4% in the second quarter. Blair William & Co. IL now owns 20,944 shares of the company’s stock valued at $392,000 after purchasing an additional 2,483 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Carnival Co. & by 46.6% in the second quarter. AE Wealth Management LLC now owns 31,570 shares of the company’s stock valued at $591,000 after purchasing an additional 10,034 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Carnival Co. & by 18.7% during the second quarter. Sei Investments Co. now owns 1,423,224 shares of the company’s stock worth $26,643,000 after buying an additional 224,373 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 0.9 %

Shares of CCL stock opened at $25.62 on Wednesday. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The company has a 50 day moving average price of $25.27 and a 200 day moving average price of $20.77. The stock has a market capitalization of $29.57 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Equities research analysts predict that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.

Analysts Set New Price Targets

CCL has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Macquarie lifted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Barclays increased their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Bank of America lifted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus increased their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $27.18.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.00% of the stock is owned by corporate insiders.

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.