Dynamic Advisor Solutions LLC Buys Shares of 9,528 Carnival Co. & plc (NYSE:CCL)

Dynamic Advisor Solutions LLC purchased a new position in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,528 shares of the company’s stock, valued at approximately $237,000.

Several other large investors also recently modified their holdings of CCL. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & during the 3rd quarter worth $25,000. Assetmark Inc. raised its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. CVA Family Office LLC lifted its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. Morse Asset Management Inc bought a new stake in Carnival Co. & during the third quarter valued at about $46,000. Finally, Avior Wealth Management LLC lifted its holdings in Carnival Co. & by 50.7% in the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after purchasing an additional 924 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Up 8.0 %

CCL opened at $27.75 on Wednesday. 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’s fifty day moving average is $25.35 and its two-hundred day moving average is $20.99. The company has a market capitalization of $32.02 billion, a P/E ratio of 19.96, a PEG ratio of 0.80 and a beta of 2.64. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.82.

Carnival Co. & (NYSE:CCL) last posted its quarterly 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. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS. Analysts forecast that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CCL. Barclays upped their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Tigress Financial raised their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. The Goldman Sachs Group boosted their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. Finally, Mizuho increased their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.24.

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.