15,334 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,334 shares of the company’s stock, valued at approximately $382,000.

Several other hedge funds have also recently modified their holdings of CCL. Nisa Investment Advisors LLC raised its holdings in Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after acquiring an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Carnival Co. & by 153.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after acquiring an additional 203,710 shares during the last quarter. Private Advisor Group LLC raised its holdings in Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after acquiring an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC raised its holdings in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after acquiring an additional 14,165 shares during the last quarter. Finally, Norges Bank acquired a new stake in Carnival Co. & in the 4th quarter valued at about $59,486,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

NYSE:CCL opened at $23.42 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a market capitalization of $27.32 billion, a P/E ratio of 16.85, a PEG ratio of 0.73 and a beta of 2.50. The company has a 50 day moving average price of $19.45 and a 200 day moving average price of $23.02. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 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 7.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.14) EPS. Equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of recent research reports. Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. BNP Paribas initiated coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective for the company. HSBC raised shares of Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 price target for the company in a research note on Friday. Loop Capital dropped their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Finally, Stifel Nicolaus increased their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.68.

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.