Kentucky Retirement Systems Sells 5,740 Shares of Carnival Co. & plc (NYSE:CCL)

Kentucky Retirement Systems lessened its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,377 shares of the company’s stock after selling 5,740 shares during the quarter. Kentucky Retirement Systems’ holdings in Carnival Co. & were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Carnival Co. & by 2.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock worth $9,228,000 after purchasing an additional 14,569 shares during the period. Covestor Ltd lifted its holdings in Carnival Co. & by 476.9% in the first quarter. Covestor Ltd now owns 4,909 shares of the company’s stock worth $80,000 after buying an additional 4,058 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Carnival Co. & by 31.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,487 shares of the company’s stock valued at $547,000 after acquiring an additional 8,038 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Carnival Co. & by 551.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 68,164 shares of the company’s stock worth $1,114,000 after acquiring an additional 57,696 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Carnival Co. & by 7.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 440,890 shares of the company’s stock worth $7,206,000 after acquiring an additional 28,923 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCL. Tigress Financial upped their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Citigroup upped their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Truist Financial lifted their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.78.

Carnival Co. & Price Performance

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

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. As a group, analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

Carnival Co. & Profile

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.