Janney Montgomery Scott LLC Reduces Position in Carnival Co. & plc (NYSE:CCL)

Janney Montgomery Scott LLC lowered its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 369,269 shares of the company's stock after selling 134,413 shares during the period. Janney Montgomery Scott LLC's holdings in Carnival Co. & were worth $9,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CCL. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the third quarter valued at about $25,000. Assetmark Inc. boosted its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. CVA Family Office LLC boosted its holdings in Carnival Co. & by 163.9% in the 3rd 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 in the last quarter. Morse Asset Management Inc acquired a new position in Carnival Co. & during the 3rd quarter worth approximately $46,000. Finally, Avior Wealth Management LLC raised its stake in shares of Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company's stock worth $51,000 after buying an additional 924 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Trading Up 8.0 %

Carnival Co. & stock traded up $2.07 during trading on Tuesday, hitting $27.75. The company's stock had a trading volume of 37,733,077 shares, compared to its average volume of 21,235,320. The stock's fifty day moving average is $25.35 and its 200 day moving average is $20.99. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $27.82. The stock has a market capitalization of $32.02 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 0.80 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) EPS. As a group, equities research analysts predict that Carnival Co. & plc will post 1.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on CCL. Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Truist Financial increased their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday. Macquarie lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Finally, Citigroup upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of "Moderate Buy" and a consensus price target of $27.24.

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.