Ausdal Financial Partners Inc. Invests $210,000 in Carnival Co. & plc (NYSE:CCL)

Ausdal Financial Partners Inc. acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,410 shares of the company’s stock, valued at approximately $210,000.

Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC increased its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the period. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & in the 4th quarter worth about $34,000. Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $42,000. Finally, Crews Bank & Trust bought a new position in Carnival Co. & in the 4th quarter worth approximately $50,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 4.5 %

Carnival Co. & stock opened at $19.85 on Friday. 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 12 month low of $13.78 and a 12 month high of $28.72. The company’s fifty day simple moving average is $23.79 and its 200-day simple moving average is $23.11. The stock has a market cap of $23.10 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned ($0.14) EPS. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

CCL has been the topic of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a research note on Wednesday. Truist Financial upped their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.89.

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.