MUFG Securities EMEA plc Buys 35,695 Shares of Carnival Co. & plc (NYSE:CCL)

MUFG Securities EMEA plc raised its stake in Carnival Co. & plc (NYSE:CCL) by 39.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,247 shares of the company’s stock after buying an additional 35,695 shares during the period. MUFG Securities EMEA plc’s holdings in Carnival Co. & were worth $2,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Friedenthal Financial purchased a new stake in Carnival Co. & in the fourth quarter worth approximately $28,000. Hanseatic Management Services Inc. purchased a new stake in shares of Carnival Co. & in the 3rd quarter valued at $30,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 739 shares in the last quarter. Bfsg LLC bought a new position in shares of Carnival Co. & during the 4th quarter valued at $38,000. Finally, Stonebridge Capital Advisors LLC raised its position in Carnival Co. & by 100.1% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 2,999 shares of the company’s stock worth $41,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCL. Macquarie raised their price objective on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Tigress Financial lifted their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Mizuho assumed coverage on Carnival Co. & in a research report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price objective for the company. Stifel Nicolaus cut their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Argus lowered their price target on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.58.

Carnival Co. & Stock Up 2.4 %

Shares of CCL stock traded up $0.35 during mid-day trading on Friday, reaching $15.13. 21,930,828 shares of the company’s stock traded hands, compared to its average volume of 27,104,742. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The company’s 50-day moving average price is $15.24 and its 200-day moving average price is $15.90. The company has a market cap of $16.98 billion, a P/E ratio of 58.19 and a beta of 2.53. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the company earned ($0.55) earnings per share. The business’s revenue was up 22.0% compared to the same quarter last year. On average, equities analysts expect that Carnival Co. & plc will post 1.02 earnings per share for the current fiscal year.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.