Kingsview Wealth Management LLC Raises Holdings in Carnival Co. & plc (NYSE:CCL)

Kingsview Wealth Management LLC lifted its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 152.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,993 shares of the company's stock after purchasing an additional 16,901 shares during the quarter. Kingsview Wealth Management LLC's holdings in Carnival Co. & were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CCL. Ashton Thomas Securities LLC purchased a new position in Carnival Co. & in the 3rd quarter worth $25,000. Crewe Advisors LLC raised its stake in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares during the last quarter. Assetmark Inc. raised its stake in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after acquiring an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the 4th quarter worth $34,000. Finally, Morse Asset Management Inc purchased a new position in Carnival Co. & in the 3rd quarter worth $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Price Performance

CCL stock traded up $0.34 during trading on Friday, hitting $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 debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock has a market capitalization of $30.50 billion, a P/E ratio of 18.85, a PEG ratio of 0.82 and a beta of 2.64. The company's 50-day moving average price is $25.72 and its two-hundred day moving average price is $21.83.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business's revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share. As a group, research analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CCL shares. Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Morgan Stanley lifted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Finally, Citigroup lifted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average target price of $27.11.

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.