Future Financial Wealth Managment LLC Takes Position in Carnival Co. & plc (NYSE:CCL)

Future Financial Wealth Managment LLC purchased a new stake in Carnival Co. & plc (NYSE:CCLFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the company’s stock, valued at approximately $92,000.

Several other hedge funds have also bought and sold shares of the stock. Richardson Capital Management LLC purchased a new position in Carnival Co. & during the first quarter worth approximately $26,000. Family Firm Inc. acquired a new position in shares of Carnival Co. & during the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. purchased a new position in shares of Carnival Co. & during the 2nd quarter valued at approximately $30,000. BNP Paribas acquired a new stake in Carnival Co. & in the 1st quarter valued at $32,000. Finally, ORG Partners LLC purchased a new stake in Carnival Co. & in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Up 7.0 %

Shares of Carnival Co. & stock opened at $20.19 on Thursday. Carnival Co. & plc has a fifty-two week low of $10.84 and a fifty-two week high of $20.45. 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 firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 31.06 and a beta of 2.69. The stock has a 50 day moving average of $16.63 and a 200 day moving average of $16.30.

Carnival Co. & (NYSE:CCLGet Free Report) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the company earned $0.86 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, research analysts predict that Carnival Co. & plc will post 1.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Tigress Financial raised their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday. Bank of America upped their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Susquehanna reissued a “positive” rating and issued a $22.00 price target on shares of Carnival Co. & in a research note on Wednesday, June 26th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.53.

Get Our Latest Stock Analysis on Carnival Co. &

Carnival Co. & Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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