Wesbanco Bank Inc. Purchases Shares of 58,176 Carnival Co. & plc (NYSE:CCL)

Wesbanco Bank Inc. purchased a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 58,176 shares of the company's stock, valued at approximately $951,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Carnival Co. & by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company's stock worth $2,098,055,000 after acquiring an additional 559,038 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Carnival Co. & by 19.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company's stock worth $95,001,000 after purchasing an additional 844,014 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Carnival Co. & by 16.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company's stock worth $87,094,000 after buying an additional 652,798 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Carnival Co. & by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company's stock valued at $72,200,000 after buying an additional 2,638,564 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Carnival Co. & by 117.5% in the 3rd quarter. Deutsche Bank AG now owns 3,498,569 shares of the company's stock valued at $48,000,000 after buying an additional 1,890,081 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Down 0.1 %

CCL traded down $0.02 during trading on Friday, reaching $14.44. The company had a trading volume of 23,570,419 shares, compared to its average volume of 26,450,004. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. Carnival Co. & plc has a 12 month low of $9.21 and a 12 month high of $19.74. The business's fifty day moving average price is $15.55 and its 200 day moving average price is $15.53. The company has a market cap of $16.21 billion, a P/E ratio of 55.54 and a beta of 2.53.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the firm posted ($0.55) earnings per share. The business's revenue was up 22.0% on a year-over-year basis. Equities analysts anticipate that Carnival Co. & plc will post 1.02 EPS for the current year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares of the company's stock, valued at $2,797,047.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CCL shares. Stifel Nicolaus decreased their price target on Carnival Co. & from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, March 28th. Wells Fargo & Company upgraded shares of Carnival Co. & from an "equal weight" rating to an "overweight" rating and set a $22.00 price target for the company in a research report on Friday, January 5th. Truist Financial increased their price objective on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a "hold" rating in a report on Thursday, January 18th. Tigress Financial lifted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd. Finally, Barclays increased their price target on Carnival Co. & from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.47.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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