Sequoia Financial Advisors LLC Buys 15,109 Shares of Carnival Co. & plc (NYSE:CCL)

Sequoia Financial Advisors LLC boosted its stake in Carnival Co. & plc (NYSE:CCL) by 69.4% during the fourth quarter, HoldingsChannel reports. The firm owned 36,887 shares of the company’s stock after buying an additional 15,109 shares during the period. Sequoia Financial Advisors LLC’s holdings in Carnival Co. & were worth $684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacific Center for Financial Services bought a new stake in shares of Carnival Co. & during the 1st quarter worth $29,000. Hanseatic Management Services Inc. purchased a new stake in Carnival Co. & during the third quarter valued at about $30,000. Farther Finance Advisors LLC lifted its stake in Carnival Co. & by 59.6% during the second quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock worth $34,000 after purchasing an additional 669 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after purchasing an additional 739 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Carnival Co. & by 254.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after purchasing an additional 2,004 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCL. Susquehanna dropped their target price on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Monday, March 25th. Mizuho began coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price objective for the company. Macquarie increased their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Citigroup boosted their price target on shares of Carnival Co. & from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, The Goldman Sachs Group began coverage on Carnival Co. & in a research note on Wednesday, March 13th. They set a “buy” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Stock Down 2.1 %

Shares of NYSE CCL opened at $14.06 on Tuesday. The firm has a fifty day simple moving average of $15.74 and a two-hundred day simple moving average of $15.40. Carnival Co. & plc has a 12 month low of $8.70 and a 12 month high of $19.74. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $15.78 billion, a PE ratio of 54.08 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. Carnival Co. &’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.55) earnings per share. Equities analysts expect that Carnival Co. & plc will post 1.01 earnings per share for the current year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the transaction, the chief financial officer now owns 181,981 shares in the company, valued at $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

About Carnival Co. &

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.