Illinois Municipal Retirement Fund Decreases Holdings in Carnival Corporation (NYSE:CCL)

Illinois Municipal Retirement Fund lowered its position in Carnival Corporation (NYSE:CCL - Free Report) by 18.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 273,908 shares of the company's stock after selling 62,594 shares during the period. Illinois Municipal Retirement Fund's holdings in Carnival were worth $5,349,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CCL. Measured Risk Portfolios Inc. acquired a new stake in Carnival during the fourth quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in shares of Carnival during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC acquired a new stake in shares of Carnival during the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of Carnival in the 4th quarter valued at $42,000. Finally, Wealthquest Corp bought a new stake in shares of Carnival in the 1st quarter valued at $36,000. 67.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CCL shares. Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Morgan Stanley increased their price objective on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Macquarie reduced their target price on Carnival from $31.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Citigroup reaffirmed a "hold" rating on shares of Carnival in a research note on Monday, June 23rd. Finally, Barclays increased their price target on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.53.

Carnival Stock Up 2.0%

Shares of NYSE CCL traded up $0.56 during trading on Tuesday, hitting $28.68. The stock had a trading volume of 19,465,471 shares, compared to its average volume of 25,188,340. The firm has a fifty day moving average of $22.46 and a two-hundred day moving average of $22.81. The company has a market capitalization of $33.48 billion, a PE ratio of 15.46, a PEG ratio of 0.60 and a beta of 2.58. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a 12 month low of $13.78 and a 12 month high of $28.82.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, equities research analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival 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.