Carnival Co. & plc (NYSE:CCL) Shares Sold by Scott & Selber Inc.

Scott & Selber Inc. cut its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,570 shares of the company’s stock after selling 2,424 shares during the quarter. Carnival Co. & makes up 1.4% of Scott & Selber Inc.’s portfolio, making the stock its 20th largest holding. Scott & Selber Inc.’s holdings in Carnival Co. & were worth $4,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Carnival Co. & by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after acquiring an additional 223,195 shares during the last quarter. State of Michigan Retirement System boosted its stake in Carnival Co. & by 2.5% during the 4th quarter. State of Michigan Retirement System now owns 281,944 shares of the company’s stock valued at $7,026,000 after purchasing an additional 6,800 shares during the period. Plato Investment Management Ltd bought a new position in Carnival Co. & in the 4th quarter worth about $245,000. SBI Securities Co. Ltd. acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $5,801,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Carnival Co. & by 32.0% during the fourth quarter. Jones Financial Companies Lllp now owns 104,581 shares of the company’s stock valued at $2,606,000 after buying an additional 25,328 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 2.8 %

Carnival Co. & stock opened at $23.26 on Tuesday. The firm has a market cap of $27.08 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm’s 50 day moving average price is $25.40 and its two-hundred day moving average price is $22.61. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the previous year, the firm posted ($0.07) EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Barclays raised their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Company 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.