Spire Wealth Management Purchases 37,678 Shares of Carnival Co. & plc (NYSE:CCL)

Spire Wealth Management grew its position in shares of Carnival Co. & plc (NYSE:CCL) by 467.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,733 shares of the company’s stock after purchasing an additional 37,678 shares during the quarter. Spire Wealth Management’s holdings in Carnival Co. & were worth $1,140,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. SYM FINANCIAL Corp acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $315,000. China Universal Asset Management Co. Ltd. grew its position in Carnival Co. & by 88.6% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 16,248 shares of the company’s stock valued at $405,000 after purchasing an additional 7,631 shares during the period. Waldron Private Wealth LLC grew its position in Carnival Co. & by 100.7% in the 4th quarter. Waldron Private Wealth LLC now owns 25,680 shares of the company’s stock valued at $640,000 after purchasing an additional 12,887 shares during the period. Clear Creek Financial Management LLC grew its position in Carnival Co. & by 1.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 50,203 shares of the company’s stock valued at $1,251,000 after purchasing an additional 951 shares during the period. Finally, TriaGen Wealth Management LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at $1,821,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CCL shares. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Barclays upped their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Citigroup upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $27.03 on Tuesday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business has a fifty day moving average price of $25.58 and a 200-day moving average price of $21.25. The company has a market capitalization of $31.46 billion, a PE ratio of 19.44, a PEG ratio of 0.86 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.94 billion. During the same period last year, the company earned ($0.07) earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities 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.