Commonwealth Equity Services LLC Has $120.70 Million Position in Carnival Co. & plc (NYSE:CCL)

Commonwealth Equity Services LLC lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,843,569 shares of the company’s stock after purchasing an additional 768,368 shares during the period. Commonwealth Equity Services LLC’s holdings in Carnival Co. & were worth $120,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC increased its stake in shares of Carnival Co. & by 275.8% in 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 period. Assetmark Inc. boosted its position in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the period. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & during the fourth quarter worth $34,000. Finally, Morse Asset Management Inc bought a new stake in shares of Carnival Co. & in the 3rd quarter valued at about $46,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCL. Mizuho lifted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Citigroup upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Barclays raised their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Bank of America raised their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $19.52 on Thursday. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a 50 day moving average price of $24.72 and a 200 day moving average price of $22.80. The firm has a market capitalization of $22.73 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. 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. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. Sell-side analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

Carnival Co. & 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.