Allworth Financial LP Buys 4,002 Shares of Carnival Co. & plc (NYSE:CCL)

Allworth Financial LP boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,471 shares of the company’s stock after buying an additional 4,002 shares during the period. Allworth Financial LP’s holdings in Carnival Co. & were worth $517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hartford Investment Management Co. increased its position in Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after buying an additional 387 shares in the last quarter. Encompass Wealth Advisors LLC increased its position in Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after buying an additional 451 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the last quarter. Finally, Graypoint LLC boosted its stake in Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after purchasing an additional 560 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

NYSE CCL opened at $24.54 on Friday. The company has a market capitalization of $28.56 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. 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 business’s fifty day moving average is $25.69 and its 200 day moving average is $22.07. 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) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share. Sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on CCL shares. Wells Fargo & Company increased their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Barclays increased their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Loop Capital started coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price on the stock. Mizuho increased their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

About Carnival Co. &

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.