13,495 Shares in Carnival Co. & plc (NYSE:CCL) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,495 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Encompass Wealth Advisors LLC lifted its stake in Carnival Co. & by 2.9% in the 3rd 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 during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after acquiring an additional 521 shares in the last quarter. Graypoint LLC grew 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 acquiring an additional 560 shares during the last quarter. UMB Bank n.a. raised its position in Carnival Co. & by 5.1% in 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, Wilmington Savings Fund Society FSB boosted its stake in shares of Carnival Co. & by 12.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 5,306 shares of the company’s stock valued at $132,000 after purchasing an additional 588 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Down 2.5 %

CCL opened at $26.75 on Monday. The company has a fifty day moving average price of $25.77 and a two-hundred day moving average price of $21.54. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market cap of $31.14 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 24.13% and a net margin of 7.66%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. Analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Truist Financial raised their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Citigroup boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley raised their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.11.

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.