Canada Pension Plan Investment Board Sells 209,400 Shares of Carnival Co. & plc (NYSE:CCL)

Canada Pension Plan Investment Board lowered its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 49.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 216,700 shares of the company's stock after selling 209,400 shares during the period. Canada Pension Plan Investment Board's holdings in Carnival Co. & were worth $5,400,000 as of its most recent filing with the SEC.

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

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock traded down $0.09 on Friday, reaching $18.61. 14,845,631 shares of the company traded hands, compared to its average volume of 26,164,265. The company has a 50 day moving average of $20.09 and a 200 day moving average of $23.08. 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 firm has a market capitalization of $21.71 billion, a PE ratio of 13.39, a PEG ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data 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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the company earned ($0.14) earnings per share. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CCL shares. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Citigroup decreased their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Northcoast Research began coverage on shares of Carnival Co. & in a report on Friday. They issued a "neutral" rating on the stock. Finally, Stifel Nicolaus lifted their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.53.

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.