Gateway Wealth Partners LLC Buys New Shares in Carnival Co. & plc (NYSE:CCL)

Gateway Wealth Partners LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,479 shares of the company’s stock, valued at approximately $196,000.

A number of other institutional investors have also added to or reduced their stakes in CCL. US Bancorp DE increased its stake in Carnival Co. & by 8.0% in the fourth quarter. US Bancorp DE now owns 37,750 shares of the company’s stock valued at $700,000 after acquiring an additional 2,804 shares during the last quarter. Advisory Services Network LLC boosted its position in Carnival Co. & by 53.3% during the fourth quarter. Advisory Services Network LLC now owns 15,628 shares of the company’s stock valued at $290,000 after buying an additional 5,432 shares during the period. TD Asset Management Inc boosted its position in Carnival Co. & by 39.7% during the fourth quarter. TD Asset Management Inc now owns 359,023 shares of the company’s stock valued at $6,656,000 after buying an additional 102,006 shares during the period. Focus Financial Network Inc. ADV purchased a new stake in shares of Carnival Co. & during the fourth quarter worth about $353,000. Finally, NEOS Investment Management LLC boosted its holdings in shares of Carnival Co. & by 27.7% during the fourth quarter. NEOS Investment Management LLC now owns 14,270 shares of the company’s stock worth $265,000 after purchasing an additional 3,095 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $18.49 on Tuesday. The company’s 50-day moving average price is $16.60 and its 200-day moving average price is $16.24. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $19.74. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The company has a market cap of $20.75 billion, a PE ratio of 28.45 and a beta of 2.68.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCL. Morgan Stanley increased their target price on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Bank of America increased their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Mizuho increased their target price on shares of Carnival Co. & from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. raised their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Susquehanna reissued a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Carnival Co. & Profile

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.