Fortis Group Advisors LLC Makes New $219,000 Investment in Carnival Co. & plc (NYSE:CCL)

Fortis Group Advisors LLC acquired a new position in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,783 shares of the company’s stock, valued at approximately $219,000.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC boosted its holdings 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 worth $30,000 after purchasing an additional 888 shares during the period. Assetmark Inc. boosted its holdings in shares of Carnival Co. & by 1,431.5% in 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 during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter worth approximately $34,000. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $46,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of recent research reports. Wells Fargo & Company lifted 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. Mizuho lifted their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Citigroup lifted their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their price objective on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Price Performance

Shares of CCL stock opened at $25.71 on Wednesday. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock has a market capitalization of $29.94 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 0.82 and a beta of 2.64. The stock has a fifty day simple moving average of $25.74 and a two-hundred day simple moving average of $21.94. 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. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the prior year, the business earned ($0.07) EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts predict that Carnival Co. & plc will post 1.77 EPS 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.