Carnival Co. & plc (NYSE:CCL) Shares Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC raised its stake in Carnival Co. & plc (NYSE:CCL) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,664 shares of the company’s stock after purchasing an additional 1,642 shares during the period. United Capital Financial Advisors LLC’s holdings in Carnival Co. & were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hartford Investment Management Co. lifted its stake in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after acquiring an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock worth $54,000 after purchasing an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after purchasing an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock valued at $372,000 after buying an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Up 0.4 %

Shares of CCL stock opened at $17.94 on Friday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business’s fifty day moving average price is $20.87 and its 200 day moving average price is $23.11. The firm has a market capitalization of $20.93 billion, a PE ratio of 12.91, a P/E/G ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup cut their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Loop Capital lowered their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a report on Monday, March 24th. Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Mizuho upped their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.84.

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.