Tcfg Wealth Management LLC Takes Position in Carnival Co. & plc (NYSE:CCL)

Tcfg Wealth Management LLC acquired a new stake in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,887 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in shares of Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after buying an additional 1,678 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after acquiring an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Carnival Co. & in the 3rd quarter worth $1,140,000. Commonwealth Equity Services LLC lifted its position in Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares during the period. Finally, Cerity Partners LLC grew its stake in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after purchasing an additional 79,857 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Up 1.3 %

Shares of NYSE:CCL opened at $26.20 on Friday. The business’s 50 day moving average price is $25.72 and its 200-day moving average price is $21.80. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm has a market capitalization 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 debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

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

Wall Street Analyst Weigh In

CCL has been the subject of several research analyst reports. Loop Capital started coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price objective for the company. Bank of America raised their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Citigroup raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

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.