Avidian Wealth Enterprises LLC Grows Position in Carnival Co. & plc (NYSE:CCL)

Avidian Wealth Enterprises LLC grew its stake in Carnival Co. & plc (NYSE:CCL) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,698 shares of the company’s stock after purchasing an additional 468 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Carnival Co. & were worth $267,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CCL. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC boosted its position in 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 in the last quarter. Assetmark Inc. boosted its position 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. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $34,000. Finally, Morse Asset Management Inc purchased a new stake in Carnival Co. & in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCL. The Goldman Sachs Group upped their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. 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. Stifel Nicolaus upped their target price on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. Finally, Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Down 0.0 %

Shares of CCL opened at $25.89 on Friday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a market capitalization of $30.14 billion, a PE ratio of 18.62, a price-to-earnings-growth 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 $21.71. 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. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.94 billion. During the same period last year, the company earned ($0.07) EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current 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.