Mpwm Advisory Solutions LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Mpwm Advisory Solutions LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,850 shares of the company’s stock, valued at approximately $196,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC increased its stake in Carnival Co. & by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company’s stock worth $246,681,000 after purchasing an additional 6,444,444 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Carnival Co. & by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after purchasing an additional 5,761,489 shares during the period. Vanguard Group Inc. grew its holdings in shares of Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after purchasing an additional 4,458,329 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Carnival Co. & in the fourth quarter worth $100,845,000. Finally, AQR Capital Management LLC raised its holdings in Carnival Co. & by 228.8% during the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock valued at $116,857,000 after buying an additional 3,263,204 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Trading Down 0.0%

Carnival Co. & stock opened at $23.38 on Tuesday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a market capitalization of $27.28 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The business’s fifty day simple moving average is $19.53 and its two-hundred day simple moving average is $23.05. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) EPS. As a group, equities analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCL. Macquarie cut their price target on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Loop Capital dropped their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a report on Monday, March 24th. Barclays cut their target price on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Northcoast Research initiated coverage on Carnival Co. & in a research report on Friday, April 25th. They set a “neutral” rating for the company. Finally, Hsbc Global Res upgraded Carnival Co. & from a “moderate sell” rating to a “hold” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $26.53.

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.