ING Groep NV Boosts Position in Carnival Co. & plc (NYSE:CCL)

ING Groep NV boosted its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 136.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 135,338 shares of the company's stock after acquiring an additional 78,186 shares during the quarter. ING Groep NV's holdings in Carnival Co. & were worth $2,501,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & in the 3rd quarter valued at $25,000. Family Firm Inc. acquired a new stake in Carnival Co. & in the 2nd quarter valued at $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & in the 2nd quarter valued at $30,000. Assetmark Inc. lifted its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CCL shares. Bank of America raised their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday. Truist Financial raised their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a "hold" rating in a report on Tuesday, July 23rd. Hsbc Global Res upgraded Carnival Co. & to a "moderate sell" rating in a report on Tuesday, September 3rd. Citigroup lifted their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.78.

Insider Transactions at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company's stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.00% of the company's stock.

Carnival Co. & Price Performance

NYSE CCL remained flat at $24.31 during trading on Friday. The company's stock had a trading volume of 18,241,910 shares, compared to its average volume of 22,300,100. The company has a market capitalization of $28.06 billion, a P/E ratio of 21.71 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The business's fifty day moving average is $20.31 and its 200 day moving average is $17.65. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $24.99.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. Carnival Co. &'s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current year.

About Carnival Co. &

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.