Carnival Co. & plc (NYSE:CCL) Shares Sold by KBC Group NV

KBC Group NV trimmed its position in shares of Carnival Co. & plc (NYSE:CCL) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,444 shares of the company’s stock after selling 1,597 shares during the period. KBC Group NV’s holdings in Carnival Co. & were worth $2,411,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CCL. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Carnival Co. & during the second quarter worth approximately $466,838,000. Marshall Wace LLP boosted its position in Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares during the period. Renaissance Technologies LLC increased its holdings in Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after purchasing an additional 2,911,100 shares in the last quarter. International Assets Investment Management LLC raised its position in Carnival Co. & by 2,400.1% in the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after purchasing an additional 2,889,785 shares during the period. Finally, Goldentree Asset Management LP acquired a new position in shares of Carnival Co. & during the first quarter worth about $31,917,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CCL. Tigress Financial increased their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Mizuho increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Macquarie raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Truist Financial boosted their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and an average target price of $23.78.

Carnival Co. & Trading Up 0.8 %

Shares of NYSE CCL opened at $24.51 on Tuesday. The stock has a market capitalization of $28.29 billion, a P/E ratio of 21.88 and a beta of 2.66. The stock’s 50 day moving average price is $20.48 and its two-hundred day moving average price is $17.75. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $24.99.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. On average, analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.