TriaGen Wealth Management LLC purchased a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 73,073 shares of the company's stock, valued at approximately $1,821,000.
Several other institutional investors have also recently made changes to their positions in CCL. Mizuho Securities USA LLC grew its position in Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock worth $122,781,000 after buying an additional 6,566,120 shares in the last quarter. International Assets Investment Management LLC increased its position 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. State Street Corp raised its stake in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company's stock valued at $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Carnival Co. & by 718.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company's stock valued at $53,976,000 after purchasing an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in Carnival Co. & in the 3rd quarter worth approximately $26,806,000. Institutional investors own 67.19% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on CCL shares. Stifel Nicolaus lifted their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Morgan Stanley lifted their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 8th. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Citigroup boosted their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, Tigress Financial increased their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.24.
Read Our Latest Report on Carnival Co. &
Carnival Co. & Stock Performance
Shares of CCL stock opened at $27.66 on Friday. The firm has a market capitalization of $32.20 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.87 and a beta of 2.64. The stock has a fifty day moving average of $25.53 and a 200 day moving average of $21.16. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week 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 posted its 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. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. During the same period last year, the company posted ($0.07) EPS. The company's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, research analysts expect that Carnival Co. & plc will post 1.76 earnings per share for the current year.
Carnival Co. & Company Profile
(
Free Report)
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.
Further Reading
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