Wesbanco Bank Inc. Has $297,000 Holdings in Carnival Co. & plc (NYSE:CCL)

Wesbanco Bank Inc. cut its stake in shares of Carnival Co. & plc (NYSE:CCL) by 64.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,915 shares of the company’s stock after selling 21,261 shares during the period. Wesbanco Bank Inc.’s holdings in Carnival Co. & were worth $297,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCL. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & during the third quarter worth $25,000. Assetmark Inc. grew its stake in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the last quarter. CVA Family Office LLC grew its stake in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Carnival Co. & in the third quarter worth $46,000. Finally, Avior Wealth Management LLC grew its stake in shares of Carnival Co. & by 50.7% in the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after purchasing an additional 924 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & 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 transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Tigress Financial upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Bank of America upped their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.24.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $25.43 on Friday. The stock has a market cap of $29.35 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 0.80 and a beta of 2.64. The firm’s fifty day moving average price is $25.31 and its 200-day moving average price is $20.84. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) EPS. On average, equities research analysts expect that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

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.