Carnival Co. & plc (NYSE:CCL) Holdings Decreased by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,815,449 shares of the company’s stock after selling 67,419 shares during the quarter. California Public Employees Retirement System’s holdings in Carnival Co. & were worth $33,658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CCL. CWM LLC grew its holdings in shares of Carnival Co. & by 11.2% during the third quarter. CWM LLC now owns 30,861 shares of the company’s stock valued at $423,000 after buying an additional 3,101 shares in the last quarter. Czech National Bank grew its stake in Carnival Co. & by 48.1% in the third quarter. Czech National Bank now owns 176,062 shares of the company’s stock valued at $2,416,000 after purchasing an additional 57,197 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Carnival Co. & by 1.9% in the third quarter. Asset Management One Co. Ltd. now owns 412,163 shares of the company’s stock valued at $5,655,000 after purchasing an additional 7,602 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Carnival Co. & by 7.2% in the third quarter. Commonwealth Equity Services LLC now owns 4,044,828 shares of the company’s stock valued at $55,495,000 after purchasing an additional 272,042 shares in the last quarter. Finally, Balboa Wealth Partners purchased a new position in Carnival Co. & in the third quarter valued at about $456,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the transaction, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the topic of a number of recent research reports. Macquarie boosted their target price on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Barclays boosted their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Mizuho initiated coverage on Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 target price on the stock. Susquehanna reduced their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Monday, March 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $21.47.

Carnival Co. & Price Performance

NYSE CCL opened at $15.09 on Friday. Carnival Co. & plc has a twelve month low of $8.72 and a twelve month high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The stock has a market capitalization of $16.93 billion, a PE ratio of 58.02 and a beta of 2.54. The stock has a 50-day simple moving average of $15.58 and a 200 day simple moving average of $15.46.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.55) EPS. Research analysts anticipate that Carnival Co. & plc will post 1.02 EPS 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.