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

Teacher Retirement System of Texas purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 199,049 shares of the company's stock, valued at approximately $4,960,000.

Several other hedge funds also recently added to or reduced their stakes in CCL. Royal London Asset Management Ltd. increased its stake in Carnival Co. & by 3.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 793,105 shares of the company's stock worth $19,764,000 after purchasing an additional 28,527 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Carnival Co. & in the fourth quarter worth about $165,000. Xponance Inc. increased its stake in Carnival Co. & by 9.2% in the 4th quarter. Xponance Inc. now owns 149,337 shares of the company's stock worth $3,721,000 after buying an additional 12,626 shares during the period. Intech Investment Management LLC lifted its holdings in Carnival Co. & by 1,063.0% during the 4th quarter. Intech Investment Management LLC now owns 118,567 shares of the company's stock valued at $2,955,000 after buying an additional 108,372 shares in the last quarter. Finally, Horizon Investments LLC raised its stake in shares of Carnival Co. & by 9.3% during the fourth quarter. Horizon Investments LLC now owns 14,986 shares of the company's stock valued at $373,000 after acquiring an additional 1,273 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCL shares. Truist Financial increased their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Citigroup cut their price target on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday. Barclays upped their price objective 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. Loop Capital cut their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Mizuho upped their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & has a consensus rating of "Moderate Buy" and a consensus price target of $26.89.

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Carnival Co. & Stock Performance

Shares of CCL traded down $0.14 during trading hours on Thursday, reaching $20.80. 14,324,546 shares of the company traded hands, compared to its average volume of 25,982,734. The stock has a market capitalization of $24.21 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The business has a fifty day moving average price of $23.99 and a 200-day moving average price of $23.10. 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 announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates 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 for 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. The company's revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate 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.