Carnival Co. & plc (NYSE:CCL) Stock Holdings Lowered by Wealth Management Partners LLC

Wealth Management Partners LLC lessened its stake in Carnival Co. & plc (NYSE:CCL) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,975 shares of the company’s stock after selling 1,520 shares during the quarter. Wealth Management Partners LLC’s holdings in Carnival Co. & were worth $546,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. bought a new stake in Carnival Co. & in the 4th quarter valued at $29,000. Crewe Advisors LLC grew its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Carnival Co. & in the 4th quarter valued at about $30,000. Millstone Evans Group LLC bought a new position in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Finally, 1620 Investment Advisors Inc. bought a new position in Carnival Co. & during the 4th quarter worth approximately $42,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $23.83 on Thursday. The company’s fifty day moving average price is $20.10 and its 200 day moving average price is $22.99. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a market capitalization of $27.80 billion, a PE ratio of 17.14, a price-to-earnings-growth 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. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the firm posted ($0.14) earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CCL shares. Wall Street Zen upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Truist Financial cut their price objective on shares of Carnival Co. & from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, May 19th. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Mizuho upped their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Finally, HSBC raised shares of Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 target price for the company in a research report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.58.

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.