Tcfg Wealth Management LLC Takes $246,000 Position in Carnival Co. & plc (NYSE:CCL)

Tcfg Wealth Management LLC purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,887 shares of the company’s stock, valued at approximately $246,000.

Several other large investors also recently bought and sold shares of the business. Hartford Investment Management Co. boosted its holdings in shares of Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after purchasing an additional 387 shares during the last quarter. Encompass Wealth Advisors LLC lifted its position in Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after buying an additional 468 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after buying an additional 521 shares in the last quarter. Finally, Graypoint LLC increased its stake in shares of Carnival Co. & by 5.3% in the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after acquiring an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $26.20 on Friday. The firm has a 50 day moving average of $25.72 and a two-hundred day moving average of $21.80. The stock has a market capitalization of $30.50 billion, a PE ratio of 18.85, a P/E/G ratio of 0.82 and a beta of 2.64. 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. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Mizuho boosted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Truist Financial raised their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Finally, Bank of America increased their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & 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.