Daymark Wealth Partners LLC Has $463,000 Stake in Carnival Co. & plc (NYSE:CCL)

Daymark Wealth Partners LLC lowered its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 21.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,584 shares of the company’s stock after selling 5,000 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Carnival Co. & were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Encompass Wealth Advisors LLC boosted its holdings in Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after purchasing an additional 451 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Carnival Co. & by 1.1% in the 4th 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 during the last quarter. Graypoint LLC lifted its position in Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after buying an additional 560 shares in the last quarter. UMB Bank n.a. grew its holdings in Carnival Co. & by 5.1% during the 4th quarter. UMB Bank n.a. now owns 11,615 shares of the company’s stock worth $289,000 after acquiring an additional 561 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in Carnival Co. & by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after acquiring an additional 621 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

CCL opened at $25.63 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $29.58 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 0.81 and a beta of 2.64. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $27.17. The business’s 50-day moving average price is $25.28 and its two-hundred day moving average price is $20.80.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Equities analysts expect that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of research reports. Citigroup upped their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus increased their price objective on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Macquarie lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Finally, Truist Financial lifted their price objective on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. One 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 data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.18.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

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.