Moors & Cabot Inc. Has $349,000 Stock Position in Carnival Co. & plc (NYSE:CCL)

Moors & Cabot Inc. raised its position in Carnival Co. & plc (NYSE:CCL) by 5.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,653 shares of the company’s stock after acquiring an additional 919 shares during the period. Moors & Cabot Inc.’s holdings in Carnival Co. & were worth $349,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TCW Group Inc. acquired a new stake in Carnival Co. & in the 4th quarter valued at $280,000. Empowered Funds LLC grew its holdings in shares of Carnival Co. & by 29.4% during 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 last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after acquiring an additional 103,501 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Carnival Co. & by 7.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 176,147 shares of the company’s stock worth $3,266,000 after acquiring an additional 12,017 shares during the last quarter. Finally, Cetera Advisors LLC lifted its position in Carnival Co. & by 38.3% in the 1st quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after acquiring an additional 11,276 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CCL. Truist Financial increased their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Morgan Stanley raised their price target on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” 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 fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

Carnival Co. & Stock Performance

NYSE:CCL opened at $19.00 on Friday. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The business has a 50 day moving average of $16.59 and a 200 day moving average of $16.14. The company has a market capitalization of $21.33 billion, a price-to-earnings ratio of 29.23 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.31) EPS. On average, sell-side analysts predict that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

Carnival Corporation & plc engages 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 owns and operates hotels, lodges, glass-domed railcars, and motor coaches.