Strategic Financial Concepts LLC Purchases Shares of 29,439 Carnival Co. & plc (NYSE:CCL)

Strategic Financial Concepts LLC acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 29,439 shares of the company’s stock, valued at approximately $734,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Encompass Wealth Advisors LLC boosted its stake in Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of 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 acquiring an additional 521 shares during the period. Graypoint LLC boosted its position in shares of Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after acquiring an additional 560 shares in the last quarter. UMB Bank n.a. increased its stake in Carnival Co. & by 5.1% in the fourth quarter. UMB Bank n.a. now owns 11,615 shares of the company’s stock valued at $289,000 after acquiring an additional 561 shares during the period. Finally, RFG Advisory LLC raised its position in Carnival Co. & by 5.8% in the fourth quarter. RFG Advisory LLC now owns 10,803 shares of the company’s stock worth $269,000 after purchasing an additional 591 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup upped their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Stifel Nicolaus upped their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Barclays lifted 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. Mizuho upped their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Trading Down 1.9 %

CCL stock opened at $25.61 on Wednesday. The business has a fifty day moving average of $25.77 and a 200-day moving average of $21.62. The company has a market cap of $29.81 billion, a P/E ratio of 18.42, a PEG ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last released its 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. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the company posted ($0.07) EPS. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

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.