Apollon Wealth Management LLC Raises Position in Carnival Co. & plc (NYSE:CCL)

Apollon Wealth Management LLC grew its position in Carnival Co. & plc (NYSE:CCL) by 25.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,250 shares of the company’s stock after acquiring an additional 4,062 shares during the period. Apollon Wealth Management LLC’s holdings in Carnival Co. & were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CCL. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & during the third quarter worth about $25,000. Family Firm Inc. purchased a new stake in shares of Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & in the second quarter valued at about $30,000. Assetmark Inc. lifted its holdings in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CCL. JPMorgan Chase & Co. upped their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Barclays upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Stifel Nicolaus upped their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Macquarie upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Truist Financial upped their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.78.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $24.31 on Monday. Carnival Co. & plc has a one year low of $13.78 and a one year high of $24.99. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a 50 day moving average price of $20.31 and a 200 day moving average price of $17.68. The firm has a market capitalization of $28.06 billion, a price-to-earnings ratio of 21.71 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Transactions at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.00% of the company’s stock.

About Carnival Co. &

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.