Prevail Innovative Wealth Advisors LLC Makes New $3.25 Million Investment in Carnival Co. & plc (NYSE:CCL)

Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 173,828 shares of the company’s stock, valued at approximately $3,254,000. Carnival Co. & accounts for about 1.2% of Prevail Innovative Wealth Advisors LLC’s investment portfolio, making the stock its 21st largest position.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Carnival Co. & by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after purchasing an additional 559,038 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Carnival Co. & by 19.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock valued at $95,001,000 after buying an additional 844,014 shares during the last quarter. Earnest Partners LLC grew its position in shares of Carnival Co. & by 12.5% during the first quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock worth $74,631,000 after buying an additional 507,045 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after buying an additional 2,638,564 shares during the last quarter. Finally, Aequim Alternative Investments LP raised its holdings in Carnival Co. & by 19.9% in the first quarter. Aequim Alternative Investments LP now owns 3,033,900 shares of the company’s stock valued at $49,574,000 after acquiring an additional 504,000 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

NYSE CCL opened at $16.93 on Friday. The company has a 50-day moving average price of $16.54 and a two-hundred day moving average price of $16.04. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $19.74. The stock has a market cap of $19.00 billion, a price-to-earnings ratio of 26.04 and a beta of 2.69. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.31) EPS. Analysts forecast that Carnival Co. & plc will post 1.19 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCL. Bank of America boosted their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Susquehanna reaffirmed a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. Argus boosted their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Truist Financial raised their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.33.

Carnival Co. & Company 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.