Waycross Partners LLC reduced its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,000 shares of the company's stock after selling 20,000 shares during the quarter. Waycross Partners LLC's holdings in Carnival Co. & were worth $2,492,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & in the 3rd quarter worth about $25,000. Crewe Advisors LLC lifted its position in shares of 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 buying an additional 888 shares during the last quarter. Assetmark Inc. lifted its position in shares of 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 buying an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & in the 4th quarter worth about $34,000. Finally, Morse Asset Management Inc bought a new position in shares of Carnival Co. & in the 3rd quarter worth about $46,000. 67.19% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Wells Fargo & Company increased their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price objective on the stock. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a "hold" rating and a $25.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.11.
Read Our Latest Stock Report on CCL
Carnival Co. & Price Performance
Shares of Carnival Co. & stock traded down $1.38 during trading on Friday, hitting $23.19. The stock had a trading volume of 31,202,401 shares, compared to its average volume of 20,760,125. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market cap of $26.99 billion, a P/E ratio of 16.68, a PEG ratio of 0.78 and a beta of 2.64. The business has a fifty day moving average of $25.64 and a two-hundred day moving average of $22.13. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 company's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.
Carnival Co. & Company Profile
(
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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