Everence Capital Management Inc. Makes New $525,000 Investment in Carnival Co. & plc (NYSE:CCL)

Everence Capital Management Inc. acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,060 shares of the company’s stock, valued at approximately $525,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & during the 3rd quarter valued at approximately $25,000. Assetmark Inc. boosted its holdings 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 purchasing an additional 1,546 shares during the period. CVA Family Office LLC raised its holdings in shares of Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after acquiring an additional 1,205 shares in the last quarter. Morse Asset Management Inc purchased a new position in Carnival Co. & in the 3rd quarter worth approximately $46,000. Finally, Avior Wealth Management LLC raised its position in Carnival Co. & by 50.7% during the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Trading Down 2.5 %

Shares of Carnival Co. & stock opened at $24.38 on Monday. The company has a fifty day simple moving average of $24.85 and a 200-day simple moving average of $20.16. The stock has a market cap of $28.14 billion, a price-to-earnings ratio of 21.77 and a beta of 2.64. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $27.17.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) earnings per share. On average, equities analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. 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 for the company. Stifel Nicolaus increased 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. Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Truist Financial lifted their price target on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and a consensus target price of $26.85.

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.