44,905 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Wealthstar Advisors LLC

Wealthstar Advisors LLC purchased a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 44,905 shares of the company's stock, valued at approximately $1,119,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC raised its stake in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after buying an additional 888 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the fourth quarter valued at about $34,000. Assetmark Inc. increased its holdings in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after purchasing an additional 1,546 shares during the period. Finally, CVA Family Office LLC increased its holdings in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock valued at $36,000 after purchasing an additional 1,205 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price objective on the stock. Barclays increased 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. Loop Capital assumed coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a "hold" rating and a $25.00 price objective on the stock. Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average price target of $27.11.

Carnival Co. & Price Performance

Shares of NYSE CCL traded down $0.00 during midday trading on Thursday, hitting $25.89. The stock had a trading volume of 14,543,485 shares, compared to its average volume of 19,807,846. The company has a market capitalization of $30.14 billion, a PE ratio of 18.62, a P/E/G ratio of 0.82 and a beta of 2.64. The stock has a 50 day simple moving average of $25.74 and a 200-day simple moving average of $21.71. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year 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 - Get Free Report) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) earnings per share. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.