Eagle Wealth Strategies LLC Trims Position in Carnival Co. & plc (NYSE:CCL)

Eagle Wealth Strategies LLC decreased its position in shares of Carnival Co. & plc (NYSE:CCL) by 5.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 25,598 shares of the company’s stock after selling 1,375 shares during the period. Eagle Wealth Strategies LLC’s holdings in Carnival Co. & were worth $500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund lifted its stake in shares of Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after buying an additional 203,710 shares during the period. Private Advisor Group LLC lifted its stake in shares of Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after buying an additional 18,269 shares during the period. Convergence Investment Partners LLC lifted its stake in shares of Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after buying an additional 14,165 shares during the period. Norges Bank purchased a new position in shares of Carnival Co. & during the fourth quarter valued at approximately $59,486,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Carnival Co. & by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after purchasing an additional 223,195 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 1.2%

Shares of NYSE CCL opened at $24.31 on Friday. The stock has a fifty day moving average price of $20.29 and a 200 day moving average price of $22.96. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $28.36 billion, a P/E ratio of 17.49, a P/E/G ratio of 0.73 and a beta of 2.58. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned ($0.14) earnings per share. Research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCL. Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Barclays dropped their price objective on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Macquarie dropped their price objective on Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Finally, Citigroup upped their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.47.

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.