Kentucky Retirement Systems Sells 957 Shares of Carnival Co. & plc (NYSE:CCL)

Kentucky Retirement Systems reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,420 shares of the company’s stock after selling 957 shares during the period. Kentucky Retirement Systems’ holdings in Carnival Co. & were worth $1,730,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after purchasing an additional 1,678 shares during the last quarter. Convergence Investment Partners LLC raised its position in Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after purchasing an additional 14,165 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after purchasing an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Carnival Co. & during the 3rd quarter worth $1,140,000. Finally, Cerity Partners LLC raised its position in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after purchasing an additional 79,857 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCL. Truist Financial raised their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Mizuho lifted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Citigroup lifted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. The Goldman Sachs Group lifted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Loop Capital began coverage on Carnival Co. & in a research report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Price Performance

CCL stock opened at $23.19 on Friday. The company has a market capitalization of $26.99 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The business has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $22.18.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results 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. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. Research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.