Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 48.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,512 shares of the company's stock after selling 14,398 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Carnival Co. & were worth $387,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. State Street Corp grew its position in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company's stock worth $765,563,000 after buying an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock worth $442,515,000 after buying an additional 811,692 shares during the last quarter. Mizuho Securities USA LLC grew its position in shares of Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock worth $122,781,000 after buying an additional 6,566,120 shares during the last quarter. Goldentree Asset Management LP grew its position in shares of Carnival Co. & by 16.1% in the 3rd quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company's stock worth $95,037,000 after buying an additional 712,469 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Carnival Co. & by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,924,882 shares of the company's stock worth $72,532,000 after buying an additional 139,761 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.
Carnival Co. & Stock Down 5.6 %
NYSE:CCL traded down $1.38 during trading hours on Friday, reaching $23.19. 31,202,401 shares of the company traded hands, compared to its average volume of 19,329,932. The business's 50-day moving average price is $25.64 and its two-hundred day moving average price is $22.18. The stock has a market capitalization of $26.99 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CCL. Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Loop Capital started coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a "hold" rating and a $25.00 price target on the stock. Barclays lifted their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Finally, Citigroup lifted their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen 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 a consensus price target of $27.11.
Get Our Latest Analysis on Carnival Co. &
Carnival Co. & Profile
(
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.
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