Jones Financial Companies Lllp Grows Stake in Carnival Co. & plc (NYSE:CCL)

Jones Financial Companies Lllp grew its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 32.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,581 shares of the company’s stock after buying an additional 25,328 shares during the period. Jones Financial Companies Lllp’s holdings in Carnival Co. & were worth $2,606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & in the third quarter valued at $25,000. Crewe Advisors LLC lifted its position 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 purchasing an additional 888 shares during the period. Assetmark Inc. lifted its position in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the 4th quarter valued at about $34,000. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & during the third quarter valued at about $46,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the topic of several research reports. Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Mizuho lifted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. The Goldman Sachs Group upped 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. Loop Capital began coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $22.33 on Thursday. The firm has a market cap of $26.00 billion, a P/E ratio of 16.07, a PEG ratio of 0.73 and a beta of 2.66. The company has a 50 day moving average of $25.25 and a 200 day moving average of $22.65. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month 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 announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (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 firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, research 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.