Graypoint LLC Makes New $219,000 Investment in Carnival Co. & plc (NYSE:CCL)

Graypoint LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,678 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCL. Richardson Capital Management LLC acquired a new position in Carnival Co. & during the 1st quarter valued at approximately $26,000. Family Firm Inc. purchased a new stake in shares of Carnival Co. & during the second quarter valued at $26,000. Hantz Financial Services Inc. acquired a new position in shares of Carnival Co. & in the 2nd quarter valued at $30,000. ICA Group Wealth Management LLC purchased a new position in Carnival Co. & in the 4th quarter worth $31,000. Finally, BNP Paribas acquired a new stake in Carnival Co. & during the 1st quarter worth about $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup raised their price objective on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Truist Financial raised their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Argus raised their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.33.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $16.50 on Tuesday. 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’s fifty day moving average price is $16.81 and its 200 day moving average price is $15.98. The stock has a market capitalization of $18.52 billion, a P/E ratio of 25.38 and a beta of 2.68. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.31) earnings per share. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

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.