Everence Capital Management Inc. Makes New $525,000 Investment in Carnival Co. & plc (NYSE:CCL)

Everence Capital Management Inc. purchased a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,060 shares of the company's stock, valued at approximately $525,000.

A number of other hedge funds also recently modified their holdings of CCL. Encompass Wealth Advisors LLC grew its position in shares of Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company's stock worth $297,000 after purchasing an additional 451 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company's stock valued at $599,000 after buying an additional 621 shares during the period. PFG Investments LLC grew its position in Carnival Co. & by 2.8% during the third quarter. PFG Investments LLC now owns 23,659 shares of the company's stock worth $437,000 after buying an additional 641 shares in the last quarter. Synovus Financial Corp increased its stake in Carnival Co. & by 5.5% during the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company's stock worth $249,000 after acquiring an additional 700 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company's stock valued at $232,000 after acquiring an additional 764 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Trading Down 1.0 %

Shares of CCL stock traded down $0.24 during trading hours on Monday, hitting $24.14. 20,034,442 shares of the company's stock traded hands, compared to its average volume of 22,342,000. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $27.17. The stock has a market cap of $27.86 billion, a PE ratio of 21.55 and a beta of 2.64. The stock's 50 day simple moving average is $24.85 and its 200 day simple moving average is $20.16.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced 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 return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the business earned ($0.07) EPS. The business's quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on CCL. Macquarie raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Tigress Financial raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a report on Monday, October 7th. Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Bank of America lifted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Citigroup upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.85.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the company's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company's stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 11.00% of the company's stock.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.