California State Teachers Retirement System Sells 18,252 Shares of Carnival Co. & plc (NYSE:CCL)

California State Teachers Retirement System decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,234,718 shares of the company's stock after selling 18,252 shares during the period. California State Teachers Retirement System owned 0.11% of Carnival Co. & worth $30,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CCL. Illinois Municipal Retirement Fund increased its position in shares of Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after acquiring an additional 203,710 shares in the last quarter. Private Advisor Group LLC grew its position in Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC grew its position in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after purchasing an additional 14,165 shares during the period. Norges Bank bought a new stake in Carnival Co. & in the 4th quarter worth approximately $59,486,000. Finally, Charles Schwab Investment Management Inc. grew its position in Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company's stock worth $155,745,000 after purchasing an additional 223,195 shares during the period. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

NYSE CCL traded up $0.07 on Friday, reaching $23.23. The company had a trading volume of 22,337,630 shares, compared to its average volume of 25,736,347. 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 stock has a market capitalization of $27.10 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The firm's 50 day moving average price is $19.90 and its 200 day moving average price is $23.00. 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 posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the firm posted ($0.14) EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on CCL. Hsbc Global Res raised shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Truist Financial cut their target price on shares of Carnival Co. & from $30.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 19th. Wall Street Zen raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Barclays dropped their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, William Blair reiterated an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.