Carnival Co. & plc (NYSE:CCL) Shares Sold by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC cut its holdings in Carnival Co. & plc (NYSE:CCL) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,598 shares of the company’s stock after selling 1,375 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in Carnival Co. & were worth $500,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new position in Carnival Co. & in the fourth quarter valued at $29,000. Orion Capital Management LLC acquired a new position in Carnival Co. & in the fourth quarter valued at $30,000. Millstone Evans Group LLC acquired a new position in Carnival Co. & in the fourth quarter valued at $34,000. 1620 Investment Advisors Inc. acquired a new position in Carnival Co. & in the fourth quarter valued at $42,000. Finally, Ossiam acquired a new position in Carnival Co. & in the fourth quarter valued at $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, March 24th. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Hsbc Global Res upgraded shares of Carnival Co. & from a “moderate sell” rating to a “hold” rating in a research note on Friday, May 16th. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Finally, Citigroup boosted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.47.

Carnival Co. & Price Performance

CCL stock opened at $24.31 on Friday. The stock’s 50 day moving average price is $20.29 and its 200 day moving average price is $22.96. The firm has a market cap of $28.36 billion, a P/E ratio of 17.49, a PEG ratio of 0.73 and a beta of 2.58. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. 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 quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Company 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.