Sequoia Financial Advisors LLC Purchases 1,211 Shares of Carnival Co. & plc (NYSE:CCL)

Sequoia Financial Advisors LLC increased its holdings in Carnival Co. & plc (NYSE:CCL) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,385 shares of the company’s stock after purchasing an additional 1,211 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Carnival Co. & were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in shares of Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after buying an additional 39,491 shares during the last quarter. Blue Trust Inc. boosted its holdings in Carnival Co. & by 6.1% in the third quarter. Blue Trust Inc. now owns 25,086 shares of the company’s stock valued at $470,000 after acquiring an additional 1,440 shares in the last quarter. Net Worth Advisory Group bought a new position in Carnival Co. & in the 3rd quarter worth $201,000. V Square Quantitative Management LLC boosted its stake in shares of Carnival Co. & by 29.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 17,707 shares of the company’s stock valued at $327,000 after purchasing an additional 4,070 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Carnival Co. & by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 104,648 shares of the company’s stock valued at $1,934,000 after buying an additional 1,186 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL opened at $20.91 on Monday. The company’s 50-day simple moving average is $18.19 and its two-hundred day simple moving average is $16.76. 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 stock has a market capitalization of $23.47 billion, a P/E ratio of 32.17 and a beta of 2.69. Carnival Co. & plc has a 52-week low of $10.95 and a 52-week high of $21.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

CCL has been the topic of several research reports. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Truist Financial boosted their target price 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. Morgan Stanley increased their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Finally, Citigroup upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One research 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 an average rating of “Moderate Buy” and an average 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.