Focus Partners Wealth Raises Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Focus Partners Wealth lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 144.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,841 shares of the company's stock after purchasing an additional 27,667 shares during the period. Focus Partners Wealth's holdings in Carnival Co. & were worth $1,188,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CCL. Crewe Advisors LLC raised its stake in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the 4th quarter worth $34,000. Millstone Evans Group LLC bought a new stake in shares of Carnival Co. & during the 4th quarter worth $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of Carnival Co. & during the 4th quarter worth $42,000. Finally, Mizuho Bank Ltd. bought a new stake in Carnival Co. & in the 4th quarter valued at about $46,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Shares of NYSE CCL traded down $0.16 during midday trading on Friday, hitting $22.27. 15,872,579 shares of the company's stock were exchanged, compared to its average volume of 25,862,167. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. 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 $25.98 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.73 and a beta of 2.50. The business's fifty day moving average price is $19.72 and its two-hundred day moving average price is $23.04.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $5.74 billion. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. Carnival Co. &'s revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCL. Truist Financial lowered their price objective on Carnival Co. & from $30.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday. Wall Street Zen upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Mizuho boosted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Macquarie lowered their price objective on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, William Blair restated an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.