Advanced Portfolio Management LLC Acquires New Holdings in Carnival Co. & plc (NYSE:CCL)

Advanced Portfolio Management LLC acquired a new position in Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 150,000 shares of the company's stock, valued at approximately $3,738,000. Carnival Co. & accounts for approximately 4.4% of Advanced Portfolio Management LLC's portfolio, making the stock its 6th largest holding.

Several other hedge funds have also recently bought and sold shares of CCL. Hartford Investment Management Co. grew its holdings in Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after buying an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC boosted its position in Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock worth $54,000 after acquiring an additional 408 shares during the period. Avidian Wealth Enterprises LLC grew its stake in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after purchasing an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its position in Carnival Co. & by 3.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after buying an additional 475 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after buying an additional 521 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Shares of CCL remained flat at $19.57 during trading hours on Monday. The stock had a trading volume of 16,753,604 shares, compared to its average volume of 26,184,389. The firm has a fifty day moving average of $19.46 and a 200 day moving average of $23.03. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $22.83 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the firm earned ($0.14) EPS. The company's revenue was up 7.5% compared to the same quarter last year. As a group, analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CCL. Barclays decreased their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Mizuho boosted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. Loop Capital lowered their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Truist Financial upped their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Finally, Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and lowered their price objective for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of "Moderate Buy" and a consensus target price of $26.53.

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.