Carnival Co. & plc (NYSE:CCL) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. grew its holdings in Carnival Co. & plc (NYSE:CCL) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,968 shares of the company’s stock after acquiring an additional 969 shares during the quarter. UMB Bank n.a.’s holdings in Carnival Co. & were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Richardson Capital Management LLC acquired a new stake in shares of Carnival Co. & during the first quarter worth about $26,000. Family Firm Inc. acquired a new stake in shares of Carnival Co. & during the second quarter worth about $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth about $31,000. BNP Paribas acquired a new stake in shares of Carnival Co. & during the first quarter worth about $32,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Carnival Co. & during the first quarter worth about $34,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

CCL has been the subject of a number of research reports. Truist Financial lifted their target price on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Bank of America lifted their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Wells Fargo & Company lifted their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, Argus lifted their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $22.33.

Carnival Co. & Price Performance

Shares of CCL traded down $0.05 during trading hours on Friday, hitting $16.49. 20,653,202 shares of the stock were exchanged, compared to its average volume of 30,129,059. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The company has a market cap of $18.51 billion, a price-to-earnings ratio of 25.38 and a beta of 2.68. The stock’s 50-day moving average price is $16.80 and its two-hundred day moving average price is $15.95.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period in the previous year, the business earned ($0.31) earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts expect that Carnival Co. & plc will post 1.18 earnings per share for the current year.

Carnival Co. & Profile

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.