Carnival Co. & plc (NYSE:CCL) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 552,549 shares of the company's stock after selling 61,254 shares during the period. National Bank of Canada FI's holdings in Carnival Co. & were worth $13,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCL. Vanguard Group Inc. grew its holdings in shares of Carnival Co. & by 4.0% in the fourth 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 in the last quarter. State Street Corp grew its stake in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company's stock worth $765,563,000 after buying an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Carnival Co. & by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock valued at $442,515,000 after buying an additional 811,692 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Carnival Co. & by 4.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after acquiring an additional 877,694 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Carnival Co. & by 3.7% in 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 in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

Shares of NYSE CCL traded down $2.11 during trading on Thursday, reaching $17.50. 22,358,435 shares of the company traded hands, compared to its average volume of 25,071,746. The stock has a market cap of $20.41 billion, a P/E ratio of 12.59, a PEG ratio of 0.73 and a beta of 2.42. The firm's fifty day simple moving average is $22.12 and its 200 day simple moving average is $23.14. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 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 company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the business earned ($0.14) earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the subject of a number of analyst reports. Mizuho raised their price target on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Loop Capital decreased their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Monday, March 24th. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. StockNews.com downgraded Carnival Co. & from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of "Moderate Buy" and a consensus price target of $26.84.

About Carnival Co. &

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.