Wealthfront Advisers LLC Has $1.84 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Wealthfront Advisers LLC lowered its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 26.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,643 shares of the company’s stock after selling 27,604 shares during the period. Wealthfront Advisers LLC’s holdings in Carnival Co. & were worth $1,835,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after purchasing an additional 811,692 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after purchasing an additional 223,195 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Carnival Co. & by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after purchasing an additional 19,768 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCL shares. Citigroup upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Loop Capital began coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price for the company. Sanford C. Bernstein began coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Finally, Morgan Stanley upped their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Stock Up 4.2 %

Shares of Carnival Co. & stock opened at $19.93 on Friday. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock’s 50-day moving average is $24.52 and its 200 day moving average is $22.80. The firm has a market cap of $23.20 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 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 return on equity of 24.13% and a net margin of 7.66%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) EPS. Equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

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.