HB Wealth Management LLC Purchases 637 Shares of Carnival Co. & plc (NYSE:CCL)

HB Wealth Management LLC boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,155 shares of the company’s stock after buying an additional 637 shares during the quarter. HB Wealth Management LLC’s holdings in Carnival Co. & were worth $627,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CCL. Merit Financial Group LLC increased its position in Carnival Co. & by 149.2% in the 4th quarter. Merit Financial Group LLC now owns 27,130 shares of the company’s stock valued at $676,000 after acquiring an additional 16,243 shares during the period. Wedge Capital Management L L P NC increased its holdings in Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after purchasing an additional 1,901,224 shares during the period. Avanza Fonder AB bought a new position in Carnival Co. & during the 4th quarter worth $1,904,000. Wealthcare Advisory Partners LLC lifted its holdings in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after buying an additional 521 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Carnival Co. & in the 4th quarter valued at about $3,459,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of CCL opened at $25.28 on Thursday. The business’s fifty day moving average is $25.27 and its 200 day moving average is $20.77. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $27.17. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a market cap of $29.17 billion, a P/E ratio of 18.18, a P/E/G ratio of 0.82 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share. Sell-side analysts anticipate that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CCL shares. Truist Financial raised their price objective on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Tigress Financial boosted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Wells Fargo & Company increased their price objective 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. Citigroup boosted 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, The Goldman Sachs Group increased their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.18.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

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.