UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,417,838 shares of the company's stock after buying an additional 492,956 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.38% of Carnival Co. & worth $110,093,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of CCL. FMR LLC grew its holdings in shares of Carnival Co. & by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after purchasing an additional 6,444,444 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after buying an additional 5,761,489 shares in the last quarter. Vanguard Group Inc. grew its stake in Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after buying an additional 4,458,329 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $100,845,000. Finally, AQR Capital Management LLC raised its stake in shares of Carnival Co. & by 228.8% in the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after acquiring an additional 3,263,204 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on CCL shares. HSBC upgraded Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 price target on the stock in a research report on Friday, May 16th. Wall Street Zen upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Barclays lowered their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Northcoast Research started coverage on Carnival Co. & in a research note on Friday, April 25th. They issued a "neutral" rating for the company. Finally, Loop Capital lowered their target price 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. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.53.
Read Our Latest Report on CCL
Carnival Co. & Price Performance
Shares of CCL stock traded up $1.37 on Tuesday, hitting $23.62. 27,567,386 shares of the company's stock were exchanged, compared to its average volume of 25,884,808. 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. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The stock has a market cap of $27.56 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The company has a 50 day moving average of $19.74 and a 200 day moving average of $23.02.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the prior year, the firm earned ($0.14) EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.
About Carnival Co. &
(
Free Report)
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.
Further Reading
Before you consider Carnival Co. &, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carnival Co. & wasn't on the list.
While Carnival Co. & currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
