Carnival Corporation (NYSE:CCL) Holdings Boosted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,033 shares of the company's stock after buying an additional 14,301 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Carnival were worth $2,911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Carnival by 195.7% during the first quarter. Envestnet Asset Management Inc. now owns 514,565 shares of the company's stock worth $10,049,000 after buying an additional 340,576 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Carnival by 74.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 14,356 shares of the company's stock worth $280,000 after buying an additional 6,110 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Carnival by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 5,987,895 shares of the company's stock worth $116,944,000 after buying an additional 146,352 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Carnival by 6.2% during the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company's stock worth $3,399,000 after buying an additional 10,739 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Carnival by 15.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 17,945 shares of the company's stock worth $350,000 after buying an additional 2,458 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Stock Performance

Shares of CCL traded down $0.32 during mid-day trading on Friday, reaching $28.79. 7,367,178 shares of the company's stock traded hands, compared to its average volume of 25,234,973. Carnival Corporation has a 12 month low of $13.78 and a 12 month high of $30.46. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The stock has a market capitalization of $33.60 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 0.64 and a beta of 2.61. The business's 50-day moving average price is $24.18 and its 200-day moving average price is $23.05.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. Equities analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research reports. Citigroup upped their price target on shares of Carnival from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Susquehanna upped their price target on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. Truist Financial set a $27.00 price target on shares of Carnival in a research report on Monday, June 23rd. Stifel Nicolaus upped their price target on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Carnival has a consensus rating of "Moderate Buy" and an average target price of $28.65.

About Carnival

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.