Carnival Co. & plc (NYSE:CCL) Stock Position Lessened by Rockport Wealth LLC

Rockport Wealth LLC decreased its holdings in Carnival Co. & plc (NYSE:CCL) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,884 shares of the company’s stock after selling 3,252 shares during the quarter. Rockport Wealth LLC’s holdings in Carnival Co. & were worth $545,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CCL. Assetmark Inc. boosted its stake in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Carnival Co. & by 25.1% during the third quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock valued at $374,000 after buying an additional 4,062 shares in the last quarter. Metis Global Partners LLC boosted its stake in Carnival Co. & by 2.0% during the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after buying an additional 621 shares in the last quarter. ING Groep NV boosted its stake in Carnival Co. & by 136.8% during the third quarter. ING Groep NV now owns 135,338 shares of the company’s stock valued at $2,501,000 after buying an additional 78,186 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Carnival Co. & by 8.2% during the third quarter. CIBC Asset Management Inc now owns 150,447 shares of the company’s stock valued at $2,780,000 after buying an additional 11,460 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 4.2 %

Shares of Carnival Co. & stock opened at $19.93 on Monday. The stock has a 50-day moving average price of $24.52 and a 200 day moving average price of $22.88. The company has a market cap of $23.20 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a current ratio of 0.29, a quick ratio of 0.25 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.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 in the prior year, the business earned ($0.07) EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. 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. 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. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Loop Capital initiated coverage on Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price for the company. Finally, Stifel Nicolaus reduced their target price on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

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.