44,905 Shares in Carnival Co. & plc (NYSE:CCL) Bought by Wealthstar Advisors LLC

Wealthstar Advisors LLC purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,905 shares of the company’s stock, valued at approximately $1,119,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCL. Sanctuary Advisors LLC purchased a new stake in Carnival Co. & during the 2nd quarter valued at about $624,000. CWM LLC boosted its stake in shares of Carnival Co. & by 125.8% during the third quarter. CWM LLC now owns 69,533 shares of the company’s stock valued at $1,285,000 after purchasing an additional 38,741 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Carnival Co. & by 499.3% in the third quarter. Exchange Traded Concepts LLC now owns 7,072 shares of the company’s stock worth $131,000 after purchasing an additional 5,892 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after buying an additional 24,198 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Down 2.5 %

CCL stock opened at $26.75 on Monday. 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. The stock has a market capitalization of $31.14 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The firm has a 50 day moving average of $25.77 and a 200 day moving average of $21.54.

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 the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate 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 was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) EPS. Sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CCL. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Barclays upped their price objective 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. Wells Fargo & Company lifted their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Citigroup lifted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.