Avidian Wealth Enterprises LLC Purchases 468 Shares of Carnival Co. & plc (NYSE:CCL)

Avidian Wealth Enterprises LLC lifted its position in Carnival Co. & plc (NYSE:CCL) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,698 shares of the company’s stock after acquiring an additional 468 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Carnival Co. & were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CCL. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the third quarter valued at about $25,000. Crewe Advisors LLC raised its holdings in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & in the fourth quarter worth about $34,000. Finally, Morse Asset Management Inc bought a new position in Carnival Co. & in the third quarter worth about $46,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of recent research reports. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Bank of America boosted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Citigroup boosted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $25.89 on Friday. The business’s 50 day moving average price is $25.74 and its 200 day moving average price is $21.71. The firm has a market cap of $30.14 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week 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 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm 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%. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share 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.