Carnival Co. & plc (NYSE:CCL) Stock Holdings Decreased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC cut its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 5.9% in the fourth quarter, HoldingsChannel reports. The fund owned 46,242 shares of the company’s stock after selling 2,890 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Carnival Co. & were worth $857,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its position in Carnival Co. & by 16.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock valued at $87,094,000 after acquiring an additional 652,798 shares in the last quarter. Deutsche Bank AG raised its stake in Carnival Co. & by 117.5% during the 3rd quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock valued at $48,000,000 after purchasing an additional 1,890,081 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Carnival Co. & by 1.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,164,728 shares of the company’s stock worth $43,420,000 after purchasing an additional 44,972 shares in the last quarter. Blackstone Inc. raised its position in Carnival Co. & by 50.8% in the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after purchasing an additional 1,010,000 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Carnival Co. & by 4.6% in the 3rd quarter. California Public Employees Retirement System now owns 1,882,868 shares of the company’s stock valued at $25,833,000 after purchasing an additional 82,869 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

In other news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & Stock Performance

Shares of CCL traded down $0.07 during midday trading on Wednesday, reaching $14.05. 2,924,298 shares of the stock were exchanged, compared to its average volume of 30,857,760. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The stock’s 50 day simple moving average is $15.51 and its 200 day simple moving average is $15.62. Carnival Co. & plc has a twelve month low of $9.68 and a twelve month high of $19.74. The company has a market cap of $15.77 billion, a P/E ratio of 54.33 and a beta of 2.53.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the firm posted ($0.55) EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, sell-side analysts expect that Carnival Co. & plc will post 1.02 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on CCL. The Goldman Sachs Group began coverage on Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price target on the stock. Mizuho began coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 target price for the company. Stifel Nicolaus dropped their price objective on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Susquehanna decreased their target price on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. Finally, Tigress Financial boosted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.47.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.