Golden State Wealth Management LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Golden State Wealth Management LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,777 shares of the company’s stock, valued at approximately $94,000.

Several other hedge funds have also modified their holdings of the stock. Nisa Investment Advisors LLC boosted its position in Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after buying an additional 1,678 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Carnival Co. & by 72.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after acquiring an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Carnival Co. & in the third quarter worth about $1,140,000. Commonwealth Equity Services LLC raised its holdings in Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after purchasing an additional 24,198 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $26.75 on Monday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market cap of $31.14 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The stock’s 50-day moving average is $25.77 and its 200-day moving average is $21.54.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the firm posted ($0.07) EPS. The business’s revenue was up 10.0% on a year-over-year basis. Equities analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the subject of several analyst reports. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Barclays upped their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Bank of America upped their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Truist Financial upped their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

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.