Union Bancaire Privee UBP SA Acquires New Stake in Carnival Co. & plc (NYSE:CCL)

Union Bancaire Privee UBP SA bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,085 shares of the company’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCL. Dynamic Advisor Solutions LLC bought a new position in shares of Carnival Co. & during the fourth quarter worth about $237,000. Atlas Private Wealth Advisors bought a new position in shares of Carnival Co. & during the 4th quarter worth approximately $241,000. Exchange Traded Concepts LLC raised its holdings in shares of Carnival Co. & by 2,212.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 163,514 shares of the company’s stock valued at $4,075,000 after purchasing an additional 156,442 shares during the last quarter. CX Institutional lifted its position in shares of Carnival Co. & by 45.0% in the fourth quarter. CX Institutional now owns 19,184 shares of the company’s stock worth $478,000 after purchasing an additional 5,955 shares in the last quarter. Finally, RFG Advisory LLC boosted its holdings in Carnival Co. & by 5.8% during the fourth quarter. RFG Advisory LLC now owns 10,803 shares of the company’s stock worth $269,000 after purchasing an additional 591 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the topic of several analyst reports. Morgan Stanley boosted 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. Citigroup increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Macquarie boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Bank of America boosted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price of $27.24.

Carnival Co. & Stock Performance

NYSE:CCL opened at $28.00 on Thursday. 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 stock has a 50 day simple moving average of $25.41 and a 200 day simple moving average of $21.06. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.12. The stock has a market cap of $32.31 billion, a P/E ratio of 20.14, a PEG ratio of 0.80 and a beta of 2.64.

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

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.