Private Advisor Group LLC Has $2.16 Million Position in Carnival Co. & plc (NYSE:CCL)

Private Advisor Group LLC grew its position in Carnival Co. & plc (NYSE:CCL) by 26.6% during the 4th quarter, Holdings Channel reports. The firm owned 86,837 shares of the company’s stock after purchasing an additional 18,269 shares during the quarter. Private Advisor Group LLC’s holdings in Carnival Co. & were worth $2,164,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CCL. Convergence Investment Partners LLC raised its position in shares of Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after acquiring an additional 14,165 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in Carnival Co. & by 21.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 60,658 shares of the company’s stock worth $1,512,000 after purchasing an additional 10,789 shares during the period. Venturi Wealth Management LLC raised its holdings in Carnival Co. & by 39.2% during the 4th quarter. Venturi Wealth Management LLC now owns 2,207 shares of the company’s stock worth $55,000 after purchasing an additional 622 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in Carnival Co. & during the 4th quarter valued at about $219,000. Finally, CIBC Asset Management Inc boosted its stake in shares of Carnival Co. & by 6.8% in the 4th quarter. CIBC Asset Management Inc now owns 160,718 shares of the company’s stock valued at $4,005,000 after purchasing an additional 10,271 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

NYSE CCL opened at $23.74 on Wednesday. The firm’s 50 day moving average is $25.55 and its 200-day moving average is $22.37. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $27.63 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL) last issued 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 firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) EPS. Equities research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CCL. Bank of America boosted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Mizuho upped 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. Stifel Nicolaus raised their price target on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Barclays upped their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Finally, Morgan Stanley raised their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Company 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.