Dumont & Blake Investment Advisors LLC Has $463,000 Stock Position in Carnival Co. & plc (NYSE:CCL)

Dumont & Blake Investment Advisors LLC lowered its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 2.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,576 shares of the company’s stock after selling 484 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Carnival Co. & were worth $463,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CCL. Crews Bank & Trust bought a new position in Carnival Co. & during the fourth quarter worth $50,000. OLD National Bancorp IN bought a new position in Carnival Co. & during the fourth quarter worth $3,799,000. Gries Financial LLC bought a new position in Carnival Co. & during the fourth quarter worth $205,000. USAdvisors Wealth Management LLC bought a new position in Carnival Co. & during the fourth quarter worth $235,000. Finally, Swedbank AB raised its stake in Carnival Co. & by 39.2% during the fourth quarter. Swedbank AB now owns 348,243 shares of the company’s stock worth $8,678,000 after buying an additional 98,008 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 2.1 %

CCL opened at $28.50 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 0.80 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.50. The company’s 50-day moving average price is $25.46 and its two-hundred day moving average price is $21.10.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. As a group, equities analysts expect that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Wall Street Analyst Weigh In

CCL has been the subject of several research analyst reports. Truist Financial lifted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Bank of America lifted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.24.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.