Mubadala Investment Co PJSC Makes New $4.28 Million Investment in Carnival Co. & plc (NYSE:CCL)

Mubadala Investment Co PJSC acquired a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 171,881 shares of the company's stock, valued at approximately $4,283,000. Carnival Co. & accounts for about 0.0% of Mubadala Investment Co PJSC's holdings, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC lifted its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after buying an additional 888 shares during the period. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & in the 4th quarter valued at about $34,000. 1620 Investment Advisors Inc. purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $42,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Macquarie cut their price target on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Truist Financial lifted their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. StockNews.com upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday. BNP Paribas initiated coverage on Carnival Co. & in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. Finally, Loop Capital cut their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.68.

Carnival Co. & Trading Up 1.8%

CCL traded up $0.42 during trading hours on Friday, reaching $23.42. The company's stock had a trading volume of 18,633,256 shares, compared to its average volume of 26,171,359. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market cap of $27.32 billion, a PE ratio of 16.85, a P/E/G ratio of 0.73 and a beta of 2.50. The business's 50-day moving average is $19.36 and its 200-day moving average is $23.01. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the firm posted ($0.14) earnings per share. The firm's quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & 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.