Pictet Asset Management SA Has $2.94 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Pictet Asset Management SA grew its position in Carnival Co. & plc (NYSE:CCLGet Rating) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,942 shares of the company’s stock after buying an additional 5,107 shares during the quarter. Pictet Asset Management SA’s holdings in Carnival Co. & were worth $2,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of Carnival Co. & by 14.9% in the second quarter. CWM LLC now owns 15,489 shares of the company’s stock worth $134,000 after buying an additional 2,014 shares during the period. Sierra Capital LLC boosted its holdings in shares of Carnival Co. & by 1,304.3% in the first quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock worth $33,000 after buying an additional 1,500 shares during the period. Ieq Capital LLC boosted its holdings in shares of Carnival Co. & by 55.8% in the second quarter. Ieq Capital LLC now owns 42,283 shares of the company’s stock worth $366,000 after buying an additional 15,139 shares during the period. Norinchukin Bank The boosted its holdings in shares of Carnival Co. & by 7.5% during the first quarter. Norinchukin Bank The now owns 72,623 shares of the company’s stock worth $1,468,000 after purchasing an additional 5,080 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Carnival Co. & by 10.2% during the second quarter. Comerica Bank now owns 155,094 shares of the company’s stock worth $1,607,000 after purchasing an additional 14,302 shares during the period. 50.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCL has been the subject of several research reports. Truist Financial raised their price target on shares of Carnival Co. & from $8.00 to $10.00 and gave the stock a “sell” rating in a report on Tuesday, September 20th. Barclays decreased their price target on shares of Carnival Co. & from $14.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, October 3rd. StockNews.com initiated coverage on shares of Carnival Co. & in a report on Wednesday, October 12th. They set a “sell” rating for the company. Tigress Financial restated a “buy” rating and set a $13.00 price target on shares of Carnival Co. & in a report on Thursday, October 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Carnival Co. & from $14.00 to $10.00 and set a “hold” rating for the company in a report on Friday, October 7th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & presently has an average rating of “Hold” and a consensus price target of $12.68.

Carnival Co. & Trading Down 0.4 %

NYSE:CCL opened at $9.47 on Monday. Carnival Co. & plc has a 12 month low of $6.11 and a 12 month high of $23.86. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of -1.52 and a beta of 2.12. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 3.40. The company’s 50 day moving average is $8.82 and its 200-day moving average is $10.11.

About Carnival Co. &

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Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

See Also

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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