Americana Partners LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Americana Partners LLC acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,439 shares of the company’s stock, valued at approximately $385,000.

Several other large investors have also recently bought and sold shares of CCL. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & during the 3rd quarter worth $25,000. Crewe Advisors LLC lifted its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares in the last quarter. Assetmark Inc. lifted its holdings in 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 buying an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the 4th quarter valued at $34,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carnival Co. & in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CCL shares. Citigroup increased their price target 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 increased their price target 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 increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Loop Capital started coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target on the stock. Finally, Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Price Performance

CCL stock opened at $25.71 on Wednesday. The stock has a 50-day moving average price of $25.74 and a two-hundred day moving average price of $21.94. The stock has a market cap of $29.94 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. 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 released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. Equities analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.