Carnival Co. & plc (NYSE:CCL) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lessened its stake in shares of Carnival Co. & plc (NYSE:CCL) by 54.3% during the fourth quarter, HoldingsChannel reports. The firm owned 8,549 shares of the company’s stock after selling 10,144 shares during the period. Focus Financial Network Inc.’s holdings in Carnival Co. & were worth $213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Soltis Investment Advisors LLC purchased a new position in Carnival Co. & in the 4th quarter worth approximately $301,000. Savant Capital LLC boosted its stake in shares of Carnival Co. & by 2.1% in the fourth quarter. Savant Capital LLC now owns 99,394 shares of the company’s stock valued at $2,477,000 after purchasing an additional 2,046 shares during the period. Wealthstar Advisors LLC acquired a new stake in Carnival Co. & during the 4th quarter valued at $1,119,000. Newbridge Financial Services Group Inc. purchased a new stake in Carnival Co. & during the 4th quarter worth $336,000. Finally, Kestra Private Wealth Services LLC grew its stake in Carnival Co. & by 28.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 26,540 shares of the company’s stock valued at $661,000 after purchasing an additional 5,839 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup increased their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Stifel Nicolaus upped their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Sanford C. Bernstein assumed coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Price Performance

NYSE CCL opened at $26.20 on Friday. The company has a 50-day moving average price of $25.73 and a two-hundred day moving average price of $21.74. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market cap of $30.50 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the firm earned ($0.07) EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Carnival Co. & Profile

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.