BlackRock Inc. Boosts Holdings in Carnival Co. & plc (NYSE:CCL)

BlackRock Inc. boosted its position in Carnival Co. & plc (NYSE:CCL) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,589,790 shares of the company’s stock after buying an additional 313,107 shares during the period. BlackRock Inc. owned approximately 5.09% of Carnival Co. & worth $1,240,239,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sowell Financial Services LLC boosted its position in shares of Carnival Co. & by 3.8% during the 3rd quarter. Sowell Financial Services LLC now owns 11,972 shares of the company’s stock worth $299,000 after purchasing an additional 443 shares in the last quarter. J Arnold Wealth Management Co boosted its position in shares of Carnival Co. & by 1.1% during the 2nd quarter. J Arnold Wealth Management Co now owns 47,957 shares of the company’s stock worth $1,264,000 after purchasing an additional 502 shares in the last quarter. Berman Capital Advisors LLC boosted its position in shares of Carnival Co. & by 20.3% during the 2nd quarter. Berman Capital Advisors LLC now owns 3,043 shares of the company’s stock worth $80,000 after purchasing an additional 514 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Carnival Co. & by 2.2% during the 3rd quarter. Fifth Third Bancorp now owns 29,400 shares of the company’s stock worth $735,000 after purchasing an additional 622 shares in the last quarter. Finally, Greenleaf Trust boosted its position in shares of Carnival Co. & by 6.3% during the 2nd quarter. Greenleaf Trust now owns 12,407 shares of the company’s stock worth $327,000 after purchasing an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 52.99% of the company’s stock.

Several equities research analysts have commented on CCL shares. Stifel Nicolaus restated a “buy” rating and set a $39.00 target price on shares of Carnival Co. & in a research report on Wednesday, September 29th. Berenberg Bank upgraded shares of Carnival Co. & from a “sell” rating to a “hold” rating and set a $23.50 target price on the stock in a research report on Thursday, October 21st. Credit Suisse Group decreased their target price on shares of Carnival Co. & from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 21st. Zacks Investment Research raised Carnival Co. & from a “sell” rating to a “hold” rating and set a $17.00 price target for the company in a research note on Thursday, December 2nd. Finally, UBS Group reaffirmed a “buy” rating and set a $39.00 price target on shares of Carnival Co. & in a research note on Monday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.19.

Shares of CCL stock opened at $22.95 on Friday. The firm has a 50-day moving average price of $20.42 and a 200 day moving average price of $22.36. Carnival Co. & plc has a twelve month low of $16.32 and a twelve month high of $31.52. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of -2.72 and a beta of 2.18. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 1.81.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, December 20th. The company reported ($1.72) earnings per share for the quarter, missing the consensus estimate of ($1.43) by ($0.29). Carnival Co. & had a negative net margin of 497.70% and a negative return on equity of 45.28%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, research analysts predict that Carnival Co. & plc will post -0.62 earnings per share for the current 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 Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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

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