Steward Partners Investment Advisory LLC Sells 3,234 Shares of Carnival Co. & plc (NYSE:CCL)

Steward Partners Investment Advisory LLC lowered its stake in Carnival Co. & plc (NYSE:CCL) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,868 shares of the company’s stock after selling 3,234 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Carnival Co. & were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Hartford Investment Management Co. increased its stake in shares of Carnival Co. & by 0.6% in the fourth 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 during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after buying an additional 521 shares during the period. Graypoint LLC increased its stake in shares of Carnival Co. & by 5.3% in the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after buying an additional 560 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Carnival Co. & by 5.1% in the fourth quarter. UMB Bank n.a. now owns 11,615 shares of the company’s stock valued at $289,000 after buying an additional 561 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of CCL opened at $19.93 on Friday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The business’s fifty day moving average is $24.52 and its 200 day moving average is $22.80. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a market cap of $23.20 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the business earned ($0.07) EPS. Carnival Co. &’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the subject of several recent research reports. Barclays upped their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Citigroup increased their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday. One 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 MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

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.