Capital Performance Advisors LLP Buys 3,847 Shares of Carnival Co. & plc (NYSE:CCL)

Capital Performance Advisors LLP grew its holdings in Carnival Co. & plc (NYSE:CCL) by 52.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,134 shares of the company’s stock after acquiring an additional 3,847 shares during the period. Capital Performance Advisors LLP’s holdings in Carnival Co. & were worth $277,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCL. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the third quarter worth approximately $25,000. Crewe Advisors LLC raised its position in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the period. Assetmark Inc. raised its position in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares during the period. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & in the fourth quarter worth approximately $34,000. Finally, Morse Asset Management Inc bought a new position in Carnival Co. & in the third quarter worth approximately $46,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CCL. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Truist Financial raised their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Mizuho raised their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley raised their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $26.20 on Monday. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market capitalization of $30.50 billion, a P/E ratio of 18.85, a PEG ratio of 0.82 and a beta of 2.64. The firm has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $21.83. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the company posted ($0.07) EPS. The business’s revenue was up 10.0% on a year-over-year basis. On average, analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.