Fifth Third Wealth Advisors LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Fifth Third Wealth Advisors LLC acquired a new position in Carnival Co. & plc (NYSE:CCL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,825 shares of the company’s stock, valued at approximately $184,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. raised its stake in shares of Carnival Co. & by 22.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 54,974 shares of the company’s stock worth $1,029,000 after buying an additional 10,164 shares in the last quarter. Focus Financial Network Inc. raised its stake in shares of Carnival Co. & by 6.2% in the 2nd quarter. Focus Financial Network Inc. now owns 19,826 shares of the company’s stock worth $365,000 after buying an additional 1,153 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Carnival Co. & during the second quarter worth $4,440,000. Continuum Advisory LLC raised its position in shares of Carnival Co. & by 22.1% during the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after purchasing an additional 630 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in shares of Carnival Co. & during the second quarter worth $196,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

CCL opened at $16.62 on Friday. The stock has a 50-day moving average of $16.74 and a 200-day moving average of $15.92. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The company has a market cap of $18.65 billion, a PE ratio of 25.56 and a beta of 2.68. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.31) EPS. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCL. Argus boosted their target price on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Truist Financial boosted their target price on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. UBS Group boosted their target price on Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Wells Fargo & Company upped their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.33.

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.