Carnival Co. & plc (NYSE:CCL) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC grew its stake in shares of Carnival Co. & plc (NYSE:CCL) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,721 shares of the company’s stock after acquiring an additional 2,416 shares during the quarter. HB Wealth Management LLC’s holdings in Carnival Co. & were worth $514,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Carnival Co. & by 19.5% during the third quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company’s stock valued at $768,036,000 after acquiring an additional 17,815,226 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carnival Co. & by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 20,504,071 shares of the company’s stock worth $207,642,000 after buying an additional 469,764 shares during the period. Two Sigma Advisers LP increased its holdings in Carnival Co. & by 27.6% in the 1st quarter. Two Sigma Advisers LP now owns 11,197,800 shares of the company’s stock worth $113,658,000 after buying an additional 2,423,700 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Carnival Co. & by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,279,978 shares of the company’s stock worth $74,797,000 after buying an additional 736,456 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in Carnival Co. & by 177.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,132,897 shares of the company’s stock worth $153,142,000 after buying an additional 5,201,843 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Up 0.9 %

Shares of CCL opened at $17.19 on Thursday. The firm has a market cap of $19.24 billion, a P/E ratio of -143.25 and a beta of 2.54. Carnival Co. & plc has a 12-month low of $8.70 and a 12-month high of $19.74. The company’s 50-day moving average price is $16.03 and its 200 day moving average price is $15.33. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 4.14.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a negative net margin of 0.34% and a positive return on equity of 0.02%. Carnival Co. &’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.55) EPS. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

CCL has been the subject of several recent research reports. Barclays lifted their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, December 22nd. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Wells Fargo & Company raised shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Friday, January 5th. Citigroup lifted their price target on shares of Carnival Co. & from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, The Goldman Sachs Group started coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They set a “buy” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.00% of the company’s stock.

Carnival Co. & 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.