9,465 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by USAdvisors Wealth Management LLC

USAdvisors Wealth Management LLC acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,465 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the third quarter valued at approximately $25,000. Assetmark Inc. lifted its stake in 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 in the last quarter. CVA Family Office LLC boosted its holdings in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Carnival Co. & during the 4th quarter valued at $52,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Carnival Co. & in the third quarter worth $46,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CCL. Citigroup upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley upped their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Bank of America lifted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Barclays upped their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $28.00 on Thursday. The company has a market capitalization of $32.31 billion, a P/E ratio of 20.14, a PEG ratio of 0.80 and a beta of 2.64. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.12. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a 50 day moving average price of $25.41 and a two-hundred day moving average price of $21.06.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. Analysts expect that Carnival Co. & plc will post 1.74 earnings per share for the current year.

About Carnival Co. &

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.