Wealthcare Advisory Partners LLC Purchases 807 Shares of Carnival Co. & plc (NYSE:CCL)

Wealthcare Advisory Partners LLC increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 1.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,049 shares of the company’s stock after buying an additional 807 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Carnival Co. & were worth $769,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Friedenthal Financial bought a new position in shares of Carnival Co. & during the fourth quarter worth about $28,000. ICA Group Wealth Management LLC bought a new position in shares of Carnival Co. & during the fourth quarter worth about $31,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Carnival Co. & by 66.7% during the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after buying an additional 800 shares in the last quarter. Finally, Bfsg LLC bought a new position in shares of Carnival Co. & during the fourth quarter worth about $38,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

NYSE:CCL opened at $18.72 on Friday. The stock has a 50 day simple moving average of $15.64 and a 200 day simple moving average of $16.14. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a current ratio of 0.28, a quick ratio of 0.32 and a debt-to-equity ratio of 3.99. The stock has a market cap of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same quarter last year, the company earned ($0.31) EPS. The company’s revenue was up 17.7% on a year-over-year basis. Research analysts anticipate that Carnival Co. & plc will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CCL shares. Mizuho started coverage on Carnival Co. & in a research report on Tuesday, March 26th. They set a “buy” rating and a $21.00 price target for the company. JPMorgan Chase & Co. increased their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Macquarie increased their price target on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Wells Fargo & Company increased their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, Bank of America increased their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.