Carnival Co. & plc (NYSE:CCL) Stake Lessened by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 62.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 62,247 shares of the company’s stock after selling 102,882 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Carnival Co. & were worth $1,556,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CCL. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the 4th quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Carnival Co. & during the 4th quarter valued at $42,000. Finally, Ossiam purchased a new position in shares of Carnival Co. & during the 4th quarter valued at $46,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CCL. Barclays reduced their price objective on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Mizuho boosted their price target on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Loop Capital cut their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday, March 24th. BNP Paribas initiated coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They issued an “outperform” rating and a $26.00 target price for the company. Finally, Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $18.61 on Monday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company has a market cap of $21.71 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.73 and a beta of 2.42. The business’s 50 day moving average is $20.09 and its two-hundred day moving average is $23.12.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS. On average, equities analysts expect that Carnival Co. & plc will post 1.77 EPS 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 the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.