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

California Public Employees Retirement System lowered its stake in shares of Carnival Co. & plc (NYSE:CCL) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 owned about 0.16% of Carnival Co. & worth $33,658,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CCL. Friedenthal Financial acquired a new position in Carnival Co. & in the 4th quarter worth approximately $28,000. Hanseatic Management Services Inc. acquired a new position in Carnival Co. & in the 3rd quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV increased its holdings in Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares during the period. First Horizon Advisors Inc. increased its holdings in Carnival Co. & by 254.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after buying an additional 2,004 shares during the period. Finally, Stonebridge Capital Advisors LLC increased its holdings in Carnival Co. & by 100.1% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 2,999 shares of the company’s stock worth $41,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCL. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price target on the stock. Macquarie upped their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Wells Fargo & Company upgraded Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Friday, January 5th. Stifel Nicolaus lowered their price objective on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Finally, Mizuho initiated coverage on Carnival Co. & in a research report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Stock Down 0.6 %

NYSE CCL opened at $15.09 on Friday. The business has a fifty day moving average price of $15.58 and a 200 day moving average price of $15.46. Carnival Co. & plc has a one year low of $8.72 and a one year 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 company has a market cap of $16.93 billion, a P/E ratio of 58.02 and a beta of 2.54.

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