Oppenheimer & Co. Inc. Buys Shares of 17,969 Carnival Co. & plc (NYSE:CCL)

Oppenheimer & Co. Inc. bought a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,969 shares of the company's stock, valued at approximately $448,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & during the 3rd quarter worth $25,000. Crewe Advisors LLC lifted its stake in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the period. Assetmark Inc. lifted its stake in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after purchasing an additional 1,546 shares during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & during the 4th quarter worth $34,000. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & during the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CCL shares. Barclays upped their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Morgan Stanley upped their price objective on 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 objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Sanford C. Bernstein started coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price objective on the stock. Finally, Citigroup raised their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average price target of $27.11.

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Carnival Co. & Stock Down 1.2 %

Carnival Co. & stock traded down $0.26 during midday trading on Friday, hitting $20.62. The stock had a trading volume of 34,589,593 shares, compared to its average volume of 26,061,008. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The business has a fifty day moving average price of $25.07 and a 200 day moving average price of $22.73. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The stock has a market cap of $24.00 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.73 and a beta of 2.66.

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

Carnival Co. & Company 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.