Fifth Third Wealth Advisors LLC Acquires Shares of 9,809 Carnival Co. & plc (NYSE:CCL)

Fifth Third Wealth Advisors LLC bought a new position in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,809 shares of the company's stock, valued at approximately $244,000.

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

Wall Street Analyst Weigh In

CCL has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Tigress Financial boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a "market perform" rating and a $26.00 target price on the stock. Finally, 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 research report on Thursday, December 5th. One equities research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.18.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company's stock.

Carnival Co. & Trading Up 3.2 %

Carnival Co. & stock traded up $0.80 during midday trading on Friday, reaching $25.85. The stock had a trading volume of 21,334,660 shares, compared to its average volume of 17,923,508. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $27.17. The company has a fifty day moving average of $25.22 and a 200 day moving average of $20.61.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly 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. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS. On average, analysts anticipate that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

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.