Simplicity Wealth LLC Makes New $219,000 Investment in Carnival Co. & plc (NYSE:CCL)

Simplicity Wealth LLC purchased a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,217 shares of the company's stock, valued at approximately $219,000.

A number of other large investors have also made changes to their positions in CCL. GAMMA Investing LLC boosted its stake in shares of Carnival Co. & by 14.5% in the 1st quarter. GAMMA Investing LLC now owns 23,757 shares of the company's stock valued at $464,000 after buying an additional 3,005 shares during the period. Pallas Capital Advisors LLC raised its position in shares of Carnival Co. & by 32.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 47,989 shares of the company's stock worth $937,000 after acquiring an additional 11,683 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Carnival Co. & by 2.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 2,211,867 shares of the company's stock worth $43,198,000 after acquiring an additional 45,915 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Carnival Co. & by 103.4% during the 1st quarter. OLD National Bancorp IN now owns 310,142 shares of the company's stock worth $6,057,000 after acquiring an additional 157,695 shares in the last quarter. Finally, Wedmont Private Capital increased its position in Carnival Co. & by 18.7% during the first quarter. Wedmont Private Capital now owns 17,490 shares of the company's stock worth $342,000 after buying an additional 2,759 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCL has been the topic of several research analyst reports. Stifel Nicolaus lifted their price target on Carnival Co. & from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. BNP Paribas initiated coverage on Carnival Co. & in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price target on the stock. Citigroup lifted their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Finally, Macquarie lowered their target price 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. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.58.

Carnival Co. & Price Performance

CCL traded up $1.42 during trading on Monday, reaching $23.83. 32,949,812 shares of the stock were exchanged, compared to its average volume of 25,420,323. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.73 and a beta of 2.58. The business's 50 day moving average price is $20.92 and its two-hundred day moving average price is $22.90. 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 - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.