Oppenheimer & Co. Inc. Invests $448,000 in Carnival Co. & plc (NYSE:CCL)

Oppenheimer & Co. Inc. purchased a new position in 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 purchased 17,969 shares of the company’s stock, valued at approximately $448,000.

A number of other institutional investors also recently bought and sold shares of CCL. Crewe Advisors LLC grew its stake in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Carnival Co. & during the 3rd quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & during the fourth quarter valued at $34,000. Assetmark Inc. grew its holdings in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in Carnival Co. & in the 4th quarter worth about $50,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CCL shares. Sanford C. Bernstein started coverage on shares of 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. Wells Fargo & Company boosted their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Truist Financial raised their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Citigroup upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Price Performance

NYSE CCL opened at $20.62 on Friday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The firm’s fifty day simple moving average is $25.07 and its two-hundred day simple moving average is $22.68. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $24.00 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for 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 firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS. Analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Carnival Co. & Profile

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.