Rakuten Securities Inc. Has $411,000 Stock Position in Carnival Co. & plc (NYSE:CCL)

Rakuten Securities Inc. decreased its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 56.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,512 shares of the company's stock after selling 21,640 shares during the quarter. Rakuten Securities Inc.'s holdings in Carnival Co. & were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Crewe Advisors LLC boosted its position in 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 acquiring an additional 888 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $34,000. Assetmark Inc. boosted 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 valued at $31,000 after buying an additional 1,546 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in Carnival Co. & in the fourth quarter worth $50,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Stock Up 0.0 %

CCL stock opened at $19.09 on Wednesday. The firm has a market cap of $22.22 billion, a PE ratio of 13.73, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm's fifty day moving average is $24.83 and its 200 day moving average is $22.82. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCL. Stifel Nicolaus boosted their target price on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Barclays increased their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research report on Monday. Finally, The Goldman Sachs Group increased their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.

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