Carnival Co. & plc (NYSE:CCL) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,731 shares of the company's stock after purchasing an additional 20,057 shares during the quarter. Cetera Investment Advisers' holdings in Carnival Co. & were worth $6,298,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CCL. Hartford Investment Management Co. increased its position in shares of Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after acquiring an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC increased its position in shares of Carnival Co. & by 23.1% during the fourth 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 last quarter. Avidian Wealth Enterprises LLC increased its position in shares of Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after acquiring an additional 468 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its position in shares of Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after acquiring an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Carnival Co. & by 1.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock worth $1,224,000 after acquiring an additional 521 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

CCL stock traded up $0.42 during midday trading on Friday, reaching $23.42. The company had a trading volume of 18,633,256 shares, compared to its average volume of 26,171,364. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a 50 day moving average price of $19.45 and a 200 day moving average price of $23.02. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market capitalization of $27.32 billion, a PE ratio of 16.85, a P/E/G ratio of 0.73 and a beta of 2.50.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on CCL shares. Barclays dropped their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Finally, Macquarie decreased their price target on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.68.

About Carnival Co. &

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.