Sovereign Investment Advisors LLC Buys New Shares in Carnival Co. & plc (NYSE:CCL)

Sovereign Investment Advisors LLC bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 13,710 shares of the company’s stock, valued at approximately $342,000.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. raised its holdings in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in Carnival Co. & by 25.1% during the third quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock worth $374,000 after buying an additional 4,062 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Carnival Co. & by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,490,686 shares of the company’s stock worth $46,028,000 after buying an additional 28,403 shares during the last quarter. Kovack Advisors Inc. increased its holdings in Carnival Co. & by 18.4% during the third quarter. Kovack Advisors Inc. now owns 13,377 shares of the company’s stock worth $247,000 after buying an additional 2,078 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after purchasing an additional 621 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Up 4.2 %

Carnival Co. & stock opened at $19.93 on Friday. The stock has a market capitalization of $23.20 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The business has a 50 day simple moving average of $24.52 and a 200-day simple moving average of $22.84. 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 issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) earnings per share. On average, analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus decreased their price target on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday. The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, Morgan Stanley lifted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

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.