Carnival Co. & plc (NYSE:CCL) Shares Bought by ING Groep NV

ING Groep NV raised its holdings in Carnival Co. & plc (NYSE:CCL) by 161.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 353,402 shares of the company’s stock after acquiring an additional 218,064 shares during the period. ING Groep NV’s holdings in Carnival Co. & were worth $8,807,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & in the 3rd quarter valued at $25,000. Crewe Advisors LLC raised its holdings in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares during the last quarter. Assetmark Inc. grew its stake in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & during the 4th quarter valued at $34,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Carnival Co. & during the 3rd quarter valued at $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCL. Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Truist Financial boosted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Bank of America upped their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays upped their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $23.19 on Friday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market capitalization of $26.99 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.78 and a beta of 2.64. The company’s fifty day moving average price is $25.64 and its two-hundred day moving average price is $22.13.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the business posted ($0.07) EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Profile

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.