Cornerstone Wealth Management LLC Takes $186,000 Position in Carnival Co. & plc (NYSE:CCL)

Cornerstone Wealth Management LLC acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,057 shares of the company’s stock, valued at approximately $186,000.

A number of other institutional investors have also recently bought and sold shares of CCL. American International Group Inc. grew its stake in shares of Carnival Co. & by 2.3% in the 4th quarter. American International Group Inc. now owns 272,636 shares of the company’s stock valued at $5,055,000 after buying an additional 6,201 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Carnival Co. & by 6.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 18,559 shares of the company’s stock worth $344,000 after acquiring an additional 1,162 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Carnival Co. & by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares during the last quarter. Mather Group LLC. bought a new position in shares of Carnival Co. & during the 1st quarter valued at $107,000. Finally, Czech National Bank lifted its stake in shares of Carnival Co. & by 0.5% in the 1st quarter. Czech National Bank now owns 177,323 shares of the company’s stock valued at $2,897,000 after purchasing an additional 866 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $21.32 on Friday. The business has a 50 day simple moving average of $17.58 and a 200 day simple moving average of $16.55. Carnival Co. & plc has a one year low of $10.84 and a one year high of $21.80. The company has a market capitalization of $23.93 billion, a PE ratio of 32.80 and a beta of 2.69. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on CCL shares. Truist Financial increased their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Macquarie increased their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Tigress Financial boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Morgan Stanley increased their price target on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.53.

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.