Nixon Capital LLC raised its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 763,828 shares of the company's stock after buying an additional 32,848 shares during the quarter. Carnival Co. & accounts for about 6.2% of Nixon Capital LLC's portfolio, making the stock its 5th largest position. Nixon Capital LLC owned approximately 0.07% of Carnival Co. & worth $19,287,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Hartford Investment Management Co. lifted its position in Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock valued at $1,601,000 after acquiring an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock worth $54,000 after buying an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in shares of Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after acquiring an additional 468 shares during the period. Sound View Wealth Advisors Group LLC boosted its stake in Carnival Co. & by 3.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after purchasing an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after acquiring an additional 521 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Carnival Co. & Stock Up 0.5 %
Shares of CCL traded up $0.10 on Friday, reaching $17.70. The company's stock had a trading volume of 18,733,314 shares, compared to its average volume of 26,444,257. The stock has a market capitalization of $20.64 billion, a PE ratio of 12.73, a PEG ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm has a fifty day moving average of $21.74 and a 200-day moving average of $23.13. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Thursday. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. BNP Paribas assumed coverage on Carnival Co. & in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective on the stock. Mizuho upped their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Finally, Barclays lifted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of "Moderate Buy" and an average target price of $26.84.
View Our Latest Report on CCL
About Carnival Co. &
(
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.
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