Kentucky Retirement Systems Insurance Trust Fund Sells 2,645 Shares of Carnival Co. & plc (NYSE:CCL)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 7.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 33,248 shares of the company’s stock after selling 2,645 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Carnival Co. & were worth $543,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Richardson Capital Management LLC bought a new stake in Carnival Co. & in the first quarter valued at about $26,000. Friedenthal Financial acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $28,000. ICA Group Wealth Management LLC bought a new position in Carnival Co. & during the 4th quarter worth approximately $31,000. BNP Paribas bought a new position in Carnival Co. & during the 1st quarter worth approximately $32,000. Finally, YHB Investment Advisors Inc. acquired a new position in Carnival Co. & during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CCL shares. Susquehanna reissued a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Tigress Financial boosted their target price on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, April 22nd. Finally, Bank of America increased their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.11.

Carnival Co. & Stock Up 1.0 %

Shares of NYSE:CCL traded up $0.17 during midday trading on Friday, reaching $17.27. The company had a trading volume of 20,816,921 shares, compared to its average volume of 25,553,086. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The business’s 50 day moving average price is $16.96 and its 200 day moving average price is $16.09. The stock has a market cap of $19.38 billion, a PE ratio of 26.57 and a beta of 2.68. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same quarter in the prior year, the firm posted ($0.31) EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts forecast that Carnival Co. & plc will post 1.18 EPS for the current fiscal year.

Carnival Co. & Profile

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.