Kentucky Retirement Systems Insurance Trust Fund Sells 14,398 Shares of Carnival Co. & plc (NYSE:CCL)

Kentucky Retirement Systems Insurance Trust Fund cut its position in Carnival Co. & plc (NYSE:CCL) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,512 shares of the company’s stock after selling 14,398 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Carnival Co. & were worth $387,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Hartford Investment Management Co. increased its stake in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after buying an additional 387 shares during the period. Encompass Wealth Advisors LLC increased its stake in shares of Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after buying an additional 451 shares during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after buying an additional 521 shares during the period. Finally, Graypoint LLC increased its stake in shares of Carnival Co. & by 5.3% in the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after buying an additional 560 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Trading Up 1.3 %

Shares of Carnival Co. & stock opened at $26.06 on Thursday. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a 50 day moving average price of $25.73 and a two-hundred day moving average price of $22.05. The stock has a market capitalization of $30.33 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 0.78 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share 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 company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CCL. Barclays increased their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Loop Capital assumed coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price for the company. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Mizuho raised their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $27.11.

About Carnival Co. &

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.