Rockport Wealth LLC Acquires New Position in Carnival Co. & plc (NYSE:CCL)

Rockport Wealth LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,582 shares of the company’s stock, valued at approximately $479,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CCL. Empowered Funds LLC grew its holdings in 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 purchasing an additional 3,741 shares during the period. DekaBank Deutsche Girozentrale boosted 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 purchasing an additional 103,501 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Carnival Co. & by 38.3% during the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after purchasing an additional 11,276 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Carnival Co. & by 114.8% in the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock valued at $2,929,000 after buying an additional 95,828 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Carnival Co. & by 2.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock worth $9,228,000 after buying an additional 14,569 shares during the period. Institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Bank of America boosted their price objective on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Morgan Stanley increased their price objective on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Carnival Co. & Trading Down 0.8 %

Shares of Carnival Co. & stock opened at $18.54 on Friday. The stock has a market cap of $20.80 billion, a P/E ratio of 28.52 and a beta of 2.68. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The business’s 50 day moving average is $16.59 and its 200-day moving average is $16.23.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period in the prior year, the firm posted ($0.31) earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Equities research analysts predict that Carnival Co. & plc will post 1.21 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.