Sequoia Financial Advisors LLC Grows Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Sequoia Financial Advisors LLC lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,657 shares of the company’s stock after buying an additional 1,272 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Carnival Co. & were worth $714,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Crewe Advisors LLC lifted its stake in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares in the last quarter. Assetmark Inc. increased its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & in the 4th quarter valued at $34,000. Morse Asset Management Inc bought a new stake in Carnival Co. & in the 3rd quarter valued at $46,000. Finally, Crews Bank & Trust bought a new stake in Carnival Co. & in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CCL shares. Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Truist Financial lifted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Finally, Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $19.93 on Monday. The firm has a 50-day moving average of $24.52 and a two-hundred day moving average of $22.88. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market cap of $23.20 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last announced its quarterly 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 net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the prior year, the company earned ($0.07) EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share 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.