Carnival Co. & plc (NYSE:CCL) Shares Acquired by Vestcor Inc

Vestcor Inc lifted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,625 shares of the company’s stock after buying an additional 3,821 shares during the quarter. Vestcor Inc’s holdings in Carnival Co. & were worth $663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crewe Advisors LLC boosted its holdings in 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 purchasing an additional 888 shares in the last quarter. Assetmark Inc. boosted its holdings in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $34,000. Morse Asset Management Inc acquired a new position in Carnival Co. & in the third quarter valued at approximately $46,000. Finally, Crews Bank & Trust acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $50,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCL has been the subject of a number of research analyst reports. 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. Loop Capital started coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target for the company. Mizuho boosted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Barclays boosted 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. Finally, Morgan Stanley boosted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Trading Up 4.2 %

Shares of CCL stock opened at $19.93 on Monday. The business’s fifty day moving average price is $24.52 and its 200 day moving average price is $22.88. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The firm has a market capitalization of $23.20 billion, a PE ratio of 14.33, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

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, 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 for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.