LPL Financial LLC Raises Stock Position in Carnival Co. & plc (NYSE:CCL)

LPL Financial LLC raised its holdings in Carnival Co. & plc (NYSE:CCL) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 730,544 shares of the company’s stock after purchasing an additional 72,701 shares during the quarter. LPL Financial LLC’s holdings in Carnival Co. & were worth $18,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCL. Nisa Investment Advisors LLC boosted its stake in shares of Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after buying an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after acquiring an additional 203,710 shares during the period. Private Advisor Group LLC grew its stake in shares of Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC increased its holdings in shares of Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after purchasing an additional 79,857 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCL has been the topic of several analyst reports. The Goldman Sachs Group raised their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company raised their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Barclays upped their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Truist Financial raised their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, StockNews.com upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Stock Performance

CCL opened at $19.55 on Tuesday. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm has a market capitalization of $22.80 billion, a PE ratio of 14.06, a PEG ratio of 0.73 and a beta of 2.66. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm’s 50-day moving average price is $23.66 and its 200 day moving average price is $23.22.

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

About Carnival Co. &

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.