Jones Financial Companies Lllp Raises Stake in Carnival Co. & plc (NYSE:CCL)

Jones Financial Companies Lllp boosted its stake in Carnival Co. & plc (NYSE:CCL) by 32.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,581 shares of the company’s stock after purchasing an additional 25,328 shares during the quarter. Jones Financial Companies Lllp’s holdings in Carnival Co. & were worth $2,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & in the third quarter valued at approximately $25,000. Crewe Advisors LLC increased its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the period. Assetmark Inc. lifted its stake in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & in the 4th quarter valued at $34,000. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. The Goldman Sachs Group lifted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Loop Capital started coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price objective on the stock. Mizuho lifted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Trading Up 1.9 %

NYSE CCL opened at $22.33 on Thursday. The stock has a 50-day moving average of $25.25 and a 200-day moving average of $22.65. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The firm has a market cap of $26.00 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

About Carnival Co. &

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.