Corient Private Wealth LLC Purchases 1,159 Shares of Carnival Co. & plc (NYSE:CCL)

Corient Private Wealth LLC lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 227,293 shares of the company’s stock after acquiring an additional 1,159 shares during the quarter. Corient Private Wealth LLC’s holdings in Carnival Co. & were worth $5,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently 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 worth $30,000 after acquiring an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the fourth quarter worth $34,000. Crews Bank & Trust bought a new stake in shares of Carnival Co. & during the fourth quarter worth $50,000. Union Bancaire Privee UBP SA bought a new stake in shares of Carnival Co. & during the fourth quarter worth $52,000. Finally, Venturi Wealth Management LLC raised its position in shares of Carnival Co. & by 39.2% during the fourth quarter. Venturi Wealth Management LLC now owns 2,207 shares of the company’s stock worth $55,000 after acquiring an additional 622 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL opened at $21.02 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm’s 50 day moving average price is $24.19 and its two-hundred day moving average price is $22.94. The firm has a market cap of $24.47 billion, a P/E ratio of 15.12, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.74 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stifel Nicolaus dropped their price objective on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 14th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley upped their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Finally, Loop Capital assumed coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.89.

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.