CreativeOne Wealth LLC Has $804,000 Holdings in Carnival Co. & plc (NYSE:CCL)

CreativeOne Wealth LLC raised its stake in Carnival Co. & plc (NYSE:CCL) by 117.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,264 shares of the company’s stock after buying an additional 17,452 shares during the quarter. CreativeOne Wealth LLC’s holdings in Carnival Co. & were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC raised its position in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares during the period. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new stake in Carnival Co. & in the fourth quarter worth $34,000. 1620 Investment Advisors Inc. bought a new position in shares of Carnival Co. & during the fourth quarter worth $42,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of Carnival Co. & in the 4th quarter valued at $46,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 0.4 %

NYSE:CCL opened at $17.94 on Friday. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. 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 twelve month low of $13.78 and a twelve month high of $28.72. The stock’s 50 day moving average price is $21.02 and its two-hundred day moving average price is $23.08.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) earnings per share. Equities research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCL has been the topic of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Citigroup dropped their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. BNP Paribas began coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.84.

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.