Wealthspire Advisors LLC Invests $277,000 in Carnival Co. & plc (NYSE:CCL)

Wealthspire Advisors LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,132 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in shares of Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after purchasing an additional 1,678 shares during the period. Private Advisor Group LLC increased its holdings in shares of Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC increased its holdings in shares of Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after purchasing an additional 14,165 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after acquiring an additional 1,204,500 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $1,140,000. 67.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CCL shares. Mizuho increased their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley increased their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Truist Financial increased their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Bank of America increased their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $23.51 on Friday. The firm has a market cap of $27.36 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The firm’s fifty day moving average is $25.51 and its 200-day moving average is $22.39. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

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

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.