Park Avenue Securities LLC buys 5,603 shares of Carnival Co. & plc (NYSE:CCL)

Park Avenue Securities LLC grew its stake in Carnival Co. & plc (NYSE:CCL – Free Report) by 20.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,645 shares of the company’s stock after buying an additional 5,603 shares during the quarter. Park Avenue Securities LLC’s holdings in Carnival Co. and were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. TCW Group Inc. acquired a new stake in the shares of Carnival Co. and in the fourth quarter of approximately $280,000. Empowered Funds LLC increased its holdings in Carnival Co. and by 29.4% in the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after buying an additional 3,741 shares during the period. Merit Financial Group LLC grew its position in shares of Carnival Co. and 29.4% in the 4th quarter. Merit Financial Group LLC now owns 12,956 shares of the company’s stock valued at $240,000 after purchasing an additional 2,944 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Carnival Co. and by 5.7% during the 4th quarter. Great Valley Advisor Group Inc. now owns 18,066 shares of the company’s stock valued at $335,000 after buying an additional 981 shares during the last quarter. Finally, AGF Management Ltd. bought a new position in shares of Carnival Co. and in the fourth quarter worth $435,000. Institutional investors own 67.19% of the company’s shares.

Carnival Co. and stock 1.9%

Shares of CCL stock opened at $14.77 on Friday. Carnival Co. & plc has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 22.72 and a beta of 2.68. The company’s 50-day moving average price is $16.96, and its two-hundred-day moving average price is $15.98. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24, and a current ratio of 0.28.

Carnival Co. & (NYSE:CCL – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s revenue for the quarter was up 17.7% year over year. During the same period in the previous year, the firm earned ($0.31) earnings per share. As a group, analysts estimate that Carnival Co. & plc will post 1.18 earnings per share for the current fiscal year.

Changes in Analyst Ratings

Several analysts have weighed in on CCL shares. Wells Fargo & Company boosted their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Susquehanna reaffirmed a “positive” rating and issued a $22.00 target price on shares of Carnival Co. and in a research note on Wednesday, June 26th. William Blair reissued an “outperform” rating on shares of Carnival Co. and in a research note on Monday, April 22nd. Truist Financial upped their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Citigroup lifted its price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

Get the latest research report on CCL

Carnival Co. & Profile

(Free report)

Carnival Corporation & plc is engaged 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 owning and operating hotels, lodges, glass-domed carriages and coaches.

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