Dimensional Fund Advisors LP Sells 492,489 Shares of Carnival Co. & plc (NYSE:CCL)

Dimensional Fund Advisors LP decreased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,545,528 shares of the company's stock after selling 492,489 shares during the quarter. Dimensional Fund Advisors LP owned about 0.48% of Carnival Co. & worth $138,215,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Crewe Advisors LLC grew its holdings in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Millstone Evans Group LLC bought a new stake in Carnival Co. & in the 4th quarter valued at about $34,000. 1620 Investment Advisors Inc. acquired a new position in Carnival Co. & during the 4th quarter worth approximately $42,000. Finally, Morse Asset Management Inc acquired a new stake in Carnival Co. & in the third quarter valued at approximately $46,000. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Trading Up 1.9 %

CCL stock traded up $0.34 during midday trading on Thursday, hitting $18.68. The company had a trading volume of 7,509,734 shares, compared to its average volume of 26,160,103. 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 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.73 and a beta of 2.42. The stock's 50 day moving average price is $19.74 and its 200 day moving average price is $23.05.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) EPS. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of recent research reports. 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. Stifel Nicolaus lifted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. BNP Paribas initiated coverage on Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.53.

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.