Carnival Co. & plc (NYSE:CCL) Stake Boosted by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. increased its stake in Carnival Co. & plc (NYSE:CCL) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,657 shares of the company’s stock after purchasing an additional 19,957 shares during the period. Thomas J. Herzfeld Advisors Inc.’s holdings in Carnival Co. & were worth $2,558,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hartford Investment Management Co. boosted its holdings in shares of Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after acquiring an additional 387 shares during the period. Prestige Wealth Management Group LLC lifted its position in Carnival Co. & by 23.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock valued at $54,000 after purchasing an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares during the period. Sound View Wealth Advisors Group LLC grew its position in Carnival Co. & by 3.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after purchasing an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCL. Loop Capital decreased their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a report on Monday, March 24th. The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Barclays increased their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Finally, Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $19.55 on Tuesday. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm’s 50 day simple moving average is $23.66 and its 200-day simple moving average is $23.22. 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 company has a market cap of $22.80 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) EPS. As a group, equities research analysts predict that Carnival Co. & plc will post 1.77 EPS 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.