Fortress Financial Solutions LLC acquired a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,919 shares of the company's stock, valued at approximately $596,000. Carnival Co. & makes up approximately 0.8% of Fortress Financial Solutions LLC's portfolio, making the stock its 27th largest holding.
Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in shares of Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after purchasing an additional 1,678 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Carnival Co. & by 72.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company's stock valued at $53,052,000 after buying an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Carnival Co. & in the third quarter worth about $1,140,000. Commonwealth Equity Services LLC boosted its stake in shares of Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock worth $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock valued at $4,892,000 after acquiring an additional 24,198 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on CCL shares. Bank of America boosted their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price objective for the company. Morgan Stanley lifted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, January 8th. Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Finally, Loop Capital began coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a "hold" rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Carnival Co. & currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.11.
Check Out Our Latest Report on Carnival Co. &
Carnival Co. & Price Performance
NYSE:CCL traded up $0.34 on Friday, reaching $26.20. The stock had a trading volume of 12,154,898 shares, compared to its average volume of 19,665,830. The company has a market capitalization of $30.50 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The stock has a fifty day moving average price of $25.72 and a 200-day moving average price of $21.80. 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. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.
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 24.13% and a net margin of 7.66%. The business 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. Carnival Co. &'s revenue was up 10.0% compared to the same quarter last year. Research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.
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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