National Pension Service Has $60.09 Million Holdings in Carnival Co. & plc (NYSE:CCL)

National Pension Service lessened its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 9.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,411,294 shares of the company’s stock after selling 249,143 shares during the quarter. National Pension Service’s holdings in Carnival Co. & were worth $60,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CCL. Allworth Financial LP lifted its holdings in Carnival Co. & by 16.4% in the third quarter. Allworth Financial LP now owns 16,469 shares of the company’s stock valued at $304,000 after buying an additional 2,317 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Carnival Co. & by 42.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,774 shares of the company’s stock valued at $1,275,000 after buying an additional 20,456 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Carnival Co. & by 18.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 271,586 shares of the company’s stock valued at $5,001,000 after buying an additional 42,631 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Carnival Co. & by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 174,265 shares of the company’s stock valued at $3,220,000 after buying an additional 6,150 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new position in Carnival Co. & in the third quarter valued at $653,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Down 2.5 %

NYSE:CCL opened at $23.51 on Friday. 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 50-day moving average of $25.51 and a 200-day moving average of $22.39. The company has a market cap of $27.36 billion, a PE ratio of 16.91, a PEG ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (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 business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Truist Financial lifted their price target 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 started coverage on shares of 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. Finally, Barclays lifted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note 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’s stock. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus 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.