Allworth Financial LP Acquires 4,002 Shares of Carnival Co. & plc (NYSE:CCL)

Allworth Financial LP lifted its position in Carnival Co. & plc (NYSE:CCL) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,471 shares of the company’s stock after purchasing an additional 4,002 shares during the quarter. Allworth Financial LP’s holdings in Carnival Co. & were worth $517,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CCL. Bleakley Financial Group LLC increased its holdings in shares of Carnival Co. & by 7.5% in the third quarter. Bleakley Financial Group LLC now owns 14,171 shares of the company’s stock worth $262,000 after purchasing an additional 990 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Carnival Co. & by 4.6% in the third quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock worth $506,000 after purchasing an additional 1,211 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Carnival Co. & by 6.2% in the third quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock worth $249,000 after purchasing an additional 785 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Carnival Co. & in the third quarter worth about $528,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Carnival Co. & by 2,400.1% in the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Loop Capital began coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective on the stock. Mizuho boosted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Citigroup boosted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Stock Down 6.0 %

Shares of NYSE CCL opened at $24.54 on Friday. 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 firm has a market capitalization of $28.56 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.77 and a beta of 2.64. The stock has a 50 day moving average price of $25.69 and a 200 day moving average price of $22.07. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

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, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share 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.