Stratos Wealth Partners LTD. Boosts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Stratos Wealth Partners LTD. raised its holdings in Carnival Co. & plc (NYSE:CCL) by 253.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,732 shares of the company’s stock after purchasing an additional 96,628 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Carnival Co. & were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the third quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at $34,000. Assetmark Inc. boosted its position in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. CVA Family Office LLC grew its stake in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company upped their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Mizuho upped their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Loop Capital started coverage on Carnival Co. & in a report on Tuesday. They issued a “hold” rating and a $25.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. One research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $27.46 on Friday. The business has a fifty day simple moving average of $25.70 and a 200-day simple moving average of $21.42. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a market cap of $31.96 billion, a P/E ratio of 19.75, a P/E/G ratio of 0.86 and a beta of 2.64. 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. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts forecast 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.