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

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

Several other institutional investors have also modified their holdings of the stock. Cabot Wealth Management Inc. purchased a new stake in shares of Carnival Co. & during the 4th quarter valued at approximately $228,000. Wealthspire Advisors LLC acquired a new stake in Carnival Co. & during the fourth quarter worth $277,000. TCW Group Inc. raised its position in Carnival Co. & by 5.8% in the fourth quarter. TCW Group Inc. now owns 14,445 shares of the company’s stock valued at $360,000 after purchasing an additional 788 shares during the period. Olympiad Research LP acquired a new position in shares of Carnival Co. & in the 4th quarter valued at $256,000. Finally, Legacy Capital Group California Inc. purchased a new position in shares of Carnival Co. & during the 4th quarter worth $871,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $23.74 on Wednesday. The business has a 50-day simple moving average of $25.55 and a 200-day simple moving average of $22.37. The company has a market cap of $27.63 billion, a PE ratio of 17.08, a P/E/G ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. 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 announced 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. 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 for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the firm posted ($0.07) EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CCL shares. Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Truist Financial boosted 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. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Stifel Nicolaus boosted their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four 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 currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

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.