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

California Public Employees Retirement System decreased its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,660,641 shares of the company's stock after selling 76,895 shares during the quarter. California Public Employees Retirement System owned 0.14% of Carnival Co. & worth $41,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the last quarter. Norges Bank purchased a new stake in shares of Carnival Co. & during the fourth quarter valued at $59,486,000. State Street Corp boosted its position in shares of Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company's stock valued at $765,563,000 after buying an additional 2,301,906 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Carnival Co. & in the 4th quarter worth about $53,636,000. Finally, Wedge Capital Management L L P NC raised its position in Carnival Co. & by 718.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company's stock worth $53,976,000 after buying an additional 1,901,224 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CCL. StockNews.com upgraded shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Citigroup cut their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Stifel Nicolaus increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. Barclays lifted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Finally, Morgan Stanley increased their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $26.89.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded down $0.11 during trading on Monday, hitting $16.39. 41,387,327 shares of the company's stock were exchanged, compared to its average volume of 26,192,955. The business's 50-day simple moving average is $22.90 and its 200 day simple moving average is $23.22. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a market cap of $19.12 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data 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. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter last year, the business posted ($0.14) earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current 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.