D.A. Davidson & CO. Sells 1,200 Shares of Carnival Co. & plc (NYSE:CCL)

D.A. Davidson & CO. lowered its stake in shares of Carnival Co. & plc (NYSE:CCL) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,988 shares of the company’s stock after selling 1,200 shares during the period. D.A. Davidson & CO.’s holdings in Carnival Co. & were worth $722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC increased its holdings in shares of 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 last quarter. Assetmark Inc. increased its holdings in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $34,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $46,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $23.62 on Tuesday. The company has a 50 day moving average of $25.59 and a 200-day moving average of $22.30. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $27.50 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial boosted 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 assumed coverage on Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price on the stock. Mizuho boosted their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Barclays boosted their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Finally, Morgan Stanley increased their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

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.