Carnival Co. & plc (NYSE:CCL) Shares Purchased by Sargent Investment Group LLC

Sargent Investment Group LLC boosted its stake in Carnival Co. & plc (NYSE:CCL) by 7.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,896 shares of the company’s stock after purchasing an additional 2,372 shares during the period. Sargent Investment Group LLC’s holdings in Carnival Co. & were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CCL. Patron Partners LLC acquired a new position in shares of Carnival Co. & during the fourth quarter valued at $201,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of Carnival Co. & during the fourth quarter valued at $8,162,000. Greenleaf Trust increased its holdings in shares of Carnival Co. & by 7.5% during the fourth quarter. Greenleaf Trust now owns 14,251 shares of the company’s stock valued at $355,000 after purchasing an additional 1,000 shares during the period. Spire Wealth Management increased its holdings in shares of Carnival Co. & by 467.8% during the fourth quarter. Spire Wealth Management now owns 45,733 shares of the company’s stock valued at $1,140,000 after purchasing an additional 37,678 shares during the period. Finally, SYM FINANCIAL Corp acquired a new position in shares of Carnival Co. & during the fourth quarter valued at $315,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCL. Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citigroup raised their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. 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 note on Monday, December 16th. Morgan Stanley raised their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Finally, Barclays raised their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Trading Up 0.3 %

NYSE:CCL opened at $27.13 on Wednesday. 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. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. The stock has a fifty day simple moving average of $25.62 and a 200 day simple moving average of $21.32.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the company posted ($0.07) EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.