Carnival Co. & plc (NYSE:CCL) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,098,898 shares of the company's stock after selling 270,374 shares during the quarter. Carnival Co. & comprises about 3.1% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its largest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.10% of Carnival Co. & worth $899,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after purchasing an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock worth $8,386,000 after buying an additional 203,710 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of 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 buying an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC grew its stake in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after acquiring an additional 14,165 shares during the last quarter. Finally, Norges Bank purchased a new position in Carnival Co. & during the 4th quarter valued at about $59,486,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Trading Down 2.5%

CCL traded down $0.59 during trading on Wednesday, hitting $23.01. 17,957,925 shares of the company's stock were exchanged, compared to its average volume of 25,847,560. 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 1 year low of $13.78 and a 1 year high of $28.72. The stock has a 50 day moving average price of $19.83 and a 200 day moving average price of $23.02. The firm has a market cap of $26.84 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50.

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, 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 business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the business posted ($0.14) EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Barclays cut their price objective on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Hsbc Global Res upgraded Carnival Co. & from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, Stifel Nicolaus upped their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.