BlackRock Inc. Has $1.24 Billion Stake in Carnival Co. & plc (NYSE:CCL)

BlackRock Inc. raised its holdings in Carnival Co. & plc (NYSE:CCL) by 0.6% in the third quarter, Holdings Channel reports. The fund owned 49,589,790 shares of the company’s stock after acquiring an additional 313,107 shares during the period. BlackRock Inc. owned 0.05% of Carnival Co. & worth $1,240,239,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CCL. Lindbrook Capital LLC grew its stake in Carnival Co. & by 342.3% in the third quarter. Lindbrook Capital LLC now owns 1,548 shares of the company’s stock valued at $39,000 after acquiring an additional 1,198 shares during the period. Wagner Wealth Management LLC grew its stake in Carnival Co. & by 130.6% in the second quarter. Wagner Wealth Management LLC now owns 1,543 shares of the company’s stock valued at $41,000 after acquiring an additional 874 shares during the period. Berman Capital Advisors LLC grew its stake in Carnival Co. & by 20.3% in the second quarter. Berman Capital Advisors LLC now owns 3,043 shares of the company’s stock valued at $80,000 after acquiring an additional 514 shares during the period. Financial Insights Inc. acquired a new position in Carnival Co. & in the second quarter valued at about $84,000. Finally, Wealth Management Partners LLC acquired a new position in Carnival Co. & in the third quarter valued at about $86,000. 52.99% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. Credit Suisse Group decreased their target price on Carnival Co. & from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, December 21st. Zacks Investment Research upgraded Carnival Co. & from a “sell” rating to a “hold” rating and set a $17.00 price target on the stock in a report on Thursday, December 2nd. Citigroup lowered Carnival Co. & from a “buy” rating to a “neutral” rating and cut their price target for the company from $34.00 to $24.50 in a report on Monday, October 25th. The Goldman Sachs Group cut their price target on Carnival Co. & from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, December 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $39.00 price target on shares of Carnival Co. & in a report on Wednesday, September 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.19.

CCL opened at $22.95 on Friday. Carnival Co. & plc has a 52-week low of $16.32 and a 52-week high of $31.52. The firm has a market capitalization of $22.35 billion, a PE ratio of -2.72 and a beta of 2.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.90 and a current ratio of 0.94. The business’s 50-day simple moving average is $20.42 and its 200 day simple moving average is $22.36.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, December 20th. The company reported ($1.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.43) by ($0.29). Carnival Co. & had a negative return on equity of 45.28% and a negative net margin of 497.70%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, research analysts forecast that Carnival Co. & plc will post -0.62 earnings per share for the current year.

Carnival Co. & Company 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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