Union Bancaire Privee UBP SA Makes New $52,000 Investment in Carnival Co. & plc (NYSE:CCL)

Union Bancaire Privee UBP SA acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,085 shares of the company’s stock, valued at approximately $52,000.

A number of other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the 3rd quarter valued at $25,000. Assetmark Inc. increased its stake in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares during the period. CVA Family Office LLC lifted its stake in Carnival Co. & by 163.9% during 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 period. Morse Asset Management Inc acquired a new stake in Carnival Co. & during the third quarter valued at approximately $46,000. Finally, Avior Wealth Management LLC grew its stake in shares of Carnival Co. & by 50.7% in the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after purchasing an additional 924 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

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

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data 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 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 quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, equities analysts anticipate that Carnival Co. & plc will post 1.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCL. Stifel Nicolaus boosted their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Truist Financial boosted their target price 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. Macquarie increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group boosted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Tigress Financial raised their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Company 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.