Kestra Private Wealth Services LLC Buys 5,839 Shares of Carnival Co. & plc (NYSE:CCL)

Kestra Private Wealth Services LLC boosted its position in shares of Carnival Co. & plc (NYSE:CCL) by 28.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,540 shares of the company’s stock after acquiring an additional 5,839 shares during the period. Kestra Private Wealth Services LLC’s holdings in Carnival Co. & were worth $661,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CCL. Crewe Advisors LLC increased its position in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the period. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & in the 3rd quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & in the 4th quarter valued at $34,000. Assetmark Inc. lifted its holdings in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares during the period. Finally, Crews Bank & Trust bought a new position in shares of Carnival Co. & during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Up 1.3 %

Shares of CCL opened at $26.20 on Friday. The stock’s fifty day simple moving average is $25.73 and its 200-day simple moving average is $21.74. The firm has a market capitalization of $30.50 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS. As a group, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

CCL has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Loop Capital started coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price for the company. Citigroup upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus boosted their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Barclays upped their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.11.

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.