J.W. Cole Advisors Inc. Increases Stock Position in Carnival Co. & plc (NYSE:CCL)

J.W. Cole Advisors Inc. grew its position in Carnival Co. & plc (NYSE:CCL) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,231 shares of the company’s stock after purchasing an additional 2,000 shares during the period. J.W. Cole Advisors Inc.’s holdings in Carnival Co. & were worth $394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its holdings in shares of Carnival Co. & by 4.1% in the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock valued at $209,000 after purchasing an additional 601 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position 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 valued at $34,000 after buying an additional 739 shares during the period. Ieq Capital LLC grew its position in Carnival Co. & by 2.9% during the third quarter. Ieq Capital LLC now owns 37,290 shares of the company’s stock valued at $512,000 after buying an additional 1,045 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Carnival Co. & by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 84,810 shares of the company’s stock valued at $1,164,000 after buying an additional 1,050 shares during the period. Finally, Glenmede Trust Co. NA grew its position in Carnival Co. & by 2.9% during the third quarter. Glenmede Trust Co. NA now owns 37,162 shares of the company’s stock valued at $510,000 after buying an additional 1,051 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Activity at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & Trading Up 1.5 %

Shares of Carnival Co. & stock opened at $15.01 on Thursday. The firm has a market cap of $16.85 billion, a PE ratio of 57.73 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. Carnival Co. & plc has a 1 year low of $8.70 and a 1 year high of $19.74. The company has a 50 day simple moving average of $15.58 and a two-hundred day simple moving average of $15.44.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Carnival Co. & in a research report on Wednesday, March 13th. They set a “buy” rating and a $20.00 price target for the company. Truist Financial increased their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. Tigress Financial lifted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Barclays lifted their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Macquarie lifted their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.47.

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.