Foundations Investment Advisors LLC Purchases 791 Shares of Carnival Co. & plc (NYSE:CCL)

Foundations Investment Advisors LLC lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,856 shares of the company’s stock after purchasing an additional 791 shares during the period. Foundations Investment Advisors LLC’s holdings in Carnival Co. & were worth $320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Carnival Co. & by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 613,295 shares of the company’s stock worth $11,481,000 after buying an additional 3,561 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Carnival Co. & by 3.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 53,619 shares of the company’s stock valued at $1,004,000 after purchasing an additional 1,585 shares during the period. Quarry LP increased its position in shares of Carnival Co. & by 174.9% during the 2nd quarter. Quarry LP now owns 3,665 shares of the company’s stock valued at $69,000 after purchasing an additional 2,332 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Carnival Co. & by 29.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,505 shares of the company’s stock worth $421,000 after purchasing an additional 5,108 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Carnival Co. & by 14.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 16,603 shares of the company’s stock worth $311,000 after buying an additional 2,106 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Trading Down 2.9 %

Shares of CCL stock opened at $27.66 on Friday. The company has a market capitalization of $32.20 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.87 and a beta of 2.64. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The business’s fifty day moving average is $25.53 and its 200 day moving average is $21.16. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last issued 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. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) EPS. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on CCL shares. Bank of America lifted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company lifted their price target 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. Morgan Stanley increased their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup lifted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus target price of $27.24.

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.