Carnival Co. & plc (NYSE:CCL) Position Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in Carnival Co. & plc (NYSE:CCL) by 15.9% during the fourth quarter, Holdings Channel reports. The firm owned 118,428 shares of the company’s stock after selling 22,458 shares during the period. State of Alaska Department of Revenue’s holdings in Carnival Co. & were worth $2,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Encompass Wealth Advisors LLC grew its position in Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after acquiring an additional 521 shares during the last quarter. Graypoint LLC raised its position in shares of Carnival Co. & by 5.3% during the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after purchasing an additional 560 shares during the period. UMB Bank n.a. lifted its holdings in shares of Carnival Co. & by 5.1% during the fourth quarter. UMB Bank n.a. now owns 11,615 shares of the company’s stock valued at $289,000 after purchasing an additional 561 shares during the last quarter. Finally, RFG Advisory LLC boosted its position in shares of Carnival Co. & by 5.8% in the 4th quarter. RFG Advisory LLC now owns 10,803 shares of the company’s stock valued at $269,000 after purchasing an additional 591 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCL has been the topic of several recent analyst reports. Bank of America boosted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley upped their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective on the stock. Wells Fargo & Company increased their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group lifted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Price Performance

Shares of CCL opened at $26.75 on Monday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a market cap of $31.14 billion, a PE ratio of 19.24, a PEG ratio of 0.82 and a beta of 2.64. The firm’s 50 day moving average price is $25.77 and its 200 day moving average price is $21.54. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

Carnival Co. & (NYSE:CCL) last released its quarterly 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 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%. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS. As a group, research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.