Teacher Retirement System of Texas Has $2.97 Million Stake in Carnival Corporation (NYSE:CCL)

Teacher Retirement System of Texas trimmed its stake in Carnival Corporation (NYSE:CCL - Free Report) by 23.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,859 shares of the company's stock after selling 47,190 shares during the period. Teacher Retirement System of Texas' holdings in Carnival were worth $2,966,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CCL. FMR LLC grew its position in Carnival by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after acquiring an additional 6,444,444 shares during the period. Nuveen Asset Management LLC grew its position in Carnival by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after acquiring an additional 5,761,489 shares during the period. Vanguard Group Inc. grew its position in Carnival by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in Carnival in the fourth quarter valued at $100,845,000. Finally, AQR Capital Management LLC grew its position in Carnival by 228.8% in the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after acquiring an additional 3,263,204 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Trading Up 1.8%

Shares of CCL traded up $0.51 during trading hours on Thursday, hitting $29.34. 6,674,715 shares of the stock traded hands, compared to its average volume of 25,232,219. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 1-year low of $13.78 and a 1-year high of $30.46. The firm has a market capitalization of $34.25 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 0.64 and a beta of 2.61. The business has a fifty day moving average of $23.97 and a 200-day moving average of $23.03.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCL. Mizuho upped their price target on Carnival from $33.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Stifel Nicolaus boosted their price objective on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. HSBC raised Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price objective on the stock in a research note on Friday, May 16th. BNP Paribas initiated coverage on Carnival in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective on the stock. Finally, Hsbc Global Res raised Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.65.

Carnival 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.