Horizon Investments LLC Buys 1,273 Shares of Carnival Co. & plc (NYSE:CCL)

Horizon Investments LLC grew its stake in Carnival Co. & plc (NYSE:CCL) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,986 shares of the company’s stock after purchasing an additional 1,273 shares during the quarter. Horizon Investments LLC’s holdings in Carnival Co. & were worth $373,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Hartford Investment Management Co. lifted its holdings in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after purchasing an additional 387 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock valued at $372,000 after purchasing an additional 475 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares in the last quarter. Finally, Graypoint LLC lifted its holdings in 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 acquiring an additional 560 shares during the period. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. Mizuho lifted their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Truist Financial lifted their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Finally, Morgan Stanley lifted their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $21.21 on Friday. The stock has a market cap of $24.69 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. 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 stock has a fifty day moving average of $24.25 and a 200-day moving average of $22.91.

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

Carnival Co. & Company 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.