Cabot Wealth Management Inc. Purchases Shares of 9,165 Carnival Co. & plc (NYSE:CCL)

Cabot Wealth Management Inc. acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,165 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds have also made changes to their positions in the business. Hartford Investment Management Co. boosted its holdings in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after purchasing an additional 387 shares in the last quarter. Encompass Wealth Advisors LLC boosted its holdings in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after buying an additional 451 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in shares of Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after buying an additional 521 shares during the last quarter. Finally, Graypoint LLC raised its stake in Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after acquiring an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $23.19 on Friday. 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 stock has a 50 day simple moving average of $25.64 and a 200-day simple moving average of $22.18. The company has a market cap of $26.99 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL) last released 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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the company earned ($0.07) earnings per share. Carnival Co. &’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CCL. Bank of America raised their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group raised their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Mizuho lifted their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Barclays increased their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Finally, Sanford C. Bernstein began coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.