KBC Group NV Reduces Holdings in Carnival Co. & plc (NYSE:CCL)

KBC Group NV trimmed its position in shares of Carnival Co. & plc (NYSE:CCLFree Report) by 48.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 159,704 shares of the company’s stock after selling 147,857 shares during the quarter. KBC Group NV’s holdings in Carnival Co. & were worth $2,961,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Friedenthal Financial purchased a new stake in Carnival Co. & in the 4th quarter valued at $28,000. Massmutual Trust Co. FSB ADV grew its holdings in Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares in the last quarter. Bfsg LLC purchased a new stake in Carnival Co. & in the 4th quarter valued at $38,000. Hanseatic Management Services Inc. purchased a new stake in Carnival Co. & in the 3rd quarter valued at $30,000. Finally, Planned Solutions Inc. purchased a new stake in Carnival Co. & in the 4th quarter valued at $41,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on CCL shares. UBS Group upped their target price on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. JPMorgan Chase & Co. upped their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Susquehanna decreased their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Monday, March 25th. Finally, Barclays upped their price target on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.53.

View Our Latest Stock Analysis on Carnival Co. &

Carnival Co. & Price Performance

CCL stock opened at $16.70 on Friday. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The firm has a market capitalization of $18.74 billion, a P/E ratio of 64.23 and a beta of 2.57. The business’s 50-day moving average is $15.08 and its two-hundred day moving average is $16.04. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCLGet Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. Carnival Co. &’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.55) EPS. Analysts anticipate that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal year.

About Carnival Co. &

(Free Report)

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.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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