IFM Investors Pty Ltd Sells 14,812 Shares of Carnival Co. & plc (NYSE:CCL)

IFM Investors Pty Ltd reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,954 shares of the company’s stock after selling 14,812 shares during the period. IFM Investors Pty Ltd’s holdings in Carnival Co. & were worth $3,399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Carnival Co. & in the 2nd quarter valued at approximately $466,838,000. Marshall Wace LLP lifted its stake in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after buying an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after buying an additional 2,911,100 shares during the period. Dimensional Fund Advisors LP grew its stake in Carnival Co. & by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock valued at $109,444,000 after buying an additional 473,848 shares during the last quarter. Finally, Earnest Partners LLC raised its holdings in Carnival Co. & by 12.5% in the 1st quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock worth $74,631,000 after acquiring an additional 507,045 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

NYSE CCL opened at $20.91 on Friday. The firm has a market cap of $23.47 billion, a price-to-earnings ratio of 32.17 and a beta of 2.69. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 1-year low of $10.95 and a 1-year high of $21.80. The company has a 50 day moving average of $18.19 and a 200-day moving average of $16.74.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of recent analyst reports. Tigress Financial upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Barclays raised their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Macquarie upped their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley raised their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus target price of $23.53.

Carnival Co. & Company 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.