J.W. Cole Advisors Inc. Buys 18,892 Shares of Carnival Co. & plc (NYSE:CCL)

J.W. Cole Advisors Inc. grew its position in Carnival Co. & plc (NYSE:CCL) by 111.0% during the fourth quarter, HoldingsChannel reports. The firm owned 35,905 shares of the company’s stock after buying an additional 18,892 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Carnival Co. & were worth $895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mizuho Securities USA LLC grew its position in shares of Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. State Street Corp boosted its stake in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the period. Wedge Capital Management L L P NC grew its holdings in Carnival Co. & by 718.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after buying an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in Carnival Co. & in the 3rd quarter worth approximately $26,806,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Down 2.0 %

CCL opened at $25.71 on Wednesday. The firm has a market cap of $29.94 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 0.82 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm’s 50-day simple moving average is $25.74 and its 200-day simple moving average is $21.94. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

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

Analysts Set New Price Targets

CCL has been the topic of several research analyst reports. Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Truist Financial raised 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. Citigroup upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Sanford C. Bernstein initiated coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.