Carnival Co. & plc (NYSE:CCL) Stock Position Decreased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,900 shares of the company’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Carnival Co. & were worth $1,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CCL. Mizuho Securities USA LLC grew its holdings in shares of Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after buying an additional 6,566,120 shares in the last quarter. International Assets Investment Management LLC boosted its position in Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. State Street Corp boosted its position in 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 purchasing an additional 2,301,906 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Carnival Co. & by 718.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after purchasing an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in Carnival Co. & during the third quarter valued at $26,806,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 1.3 %

Carnival Co. & stock opened at $26.20 on Monday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market cap of $30.50 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a fifty day simple moving average of $25.72 and a 200 day simple moving average of $21.83.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Loop Capital initiated coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective for the company. Wells Fargo & Company boosted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Stifel Nicolaus boosted their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Citigroup boosted 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, December 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & 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.