California Public Employees Retirement System Sells 76,895 Shares of Carnival Co. & plc (NYSE:CCL)

California Public Employees Retirement System cut its holdings in Carnival Co. & plc (NYSE:CCL) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,660,641 shares of the company’s stock after selling 76,895 shares during the period. California Public Employees Retirement System’s holdings in Carnival Co. & were worth $41,383,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Crewe Advisors LLC boosted its holdings in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & during the 4th quarter worth about $34,000. Millstone Evans Group LLC purchased a new position in Carnival Co. & during the 4th quarter valued at about $34,000. 1620 Investment Advisors Inc. purchased a new position in Carnival Co. & during the 4th quarter valued at about $42,000. Finally, Morse Asset Management Inc bought a new stake in shares of Carnival Co. & during the third quarter valued at about $46,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $20.00 on Thursday. The firm has a fifty day simple moving average of $23.43 and a two-hundred day simple moving average of $23.21. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a market capitalization of $23.33 billion, a PE ratio of 14.39, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during 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%. Carnival Co. &’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.14) EPS. Research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CCL shares. Mizuho boosted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Wells Fargo & Company boosted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Loop Capital lowered their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday, March 24th. Morgan Stanley boosted their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Finally, BNP Paribas initiated coverage on Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $26.89.

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.