Teacher Retirement System of Texas Acquires Shares of 199,049 Carnival Co. & plc (NYSE:CCL)

Teacher Retirement System of Texas acquired a new position in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 199,049 shares of the company’s stock, valued at approximately $4,960,000.

A number of other large investors have also recently made changes to their positions in CCL. State Street Corp increased its stake in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC lifted its position in Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 buying an additional 223,195 shares during the period. Bank of New York Mellon Corp increased its position in Carnival Co. & by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock valued at $145,571,000 after acquiring an additional 19,768 shares during the last quarter. Finally, Goldentree Asset Management LP raised its stake in shares of Carnival Co. & by 16.1% in the third quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock valued at $95,037,000 after acquiring an additional 712,469 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group boosted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Finally, Mizuho boosted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Price Performance

NYSE CCL opened at $21.02 on Monday. The company has a market cap of $24.47 billion, a PE ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66. The firm’s 50 day moving average price is $24.19 and its 200-day moving average price is $23.04. 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. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) EPS. Sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.