Cetera Investment Advisers Has $6.30 Million Position in Carnival Co. & plc (NYSE:CCL)

Cetera Investment Advisers grew its stake in shares of Carnival Co. & plc (NYSE:CCL) by 8.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 252,731 shares of the company’s stock after buying an additional 20,057 shares during the period. Cetera Investment Advisers’ holdings in Carnival Co. & were worth $6,298,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Crewe Advisors LLC raised its position in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & during the fourth quarter valued at about $34,000. Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & during the fourth quarter valued at about $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of Carnival Co. & during the fourth quarter valued at about $42,000. Finally, Ossiam acquired a new position in shares of Carnival Co. & during the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $22.75 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $26.54 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The firm’s 50-day moving average price is $19.24 and its two-hundred day moving average price is $23.01.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on CCL shares. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Truist Financial increased their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Barclays dropped their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Loop Capital dropped their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Finally, Macquarie dropped their price target on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.53.

Carnival Co. & Company 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.