California Public Employees Retirement System Sells 67,419 Shares of Carnival Co. & plc (NYSE:CCL)

California Public Employees Retirement System trimmed its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,815,449 shares of the company's stock after selling 67,419 shares during the period. California Public Employees Retirement System owned about 0.16% of Carnival Co. & worth $33,658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CCL. Sunbelt Securities Inc. increased its stake in Carnival Co. & by 4.1% during the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company's stock worth $209,000 after acquiring an additional 601 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company's stock valued at $34,000 after buying an additional 739 shares during the last quarter. Signaturefd LLC grew its stake in shares of Carnival Co. & by 8.7% during the fourth quarter. Signaturefd LLC now owns 10,648 shares of the company's stock valued at $197,000 after buying an additional 852 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Carnival Co. & by 2.9% during the third quarter. Ieq Capital LLC now owns 37,290 shares of the company's stock valued at $512,000 after buying an additional 1,045 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Carnival Co. & by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 84,810 shares of the company's stock valued at $1,164,000 after buying an additional 1,050 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares of the company's stock, valued at $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.00% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Susquehanna dropped their price objective on Carnival Co. & from $23.00 to $22.00 and set a "positive" rating on the stock in a research note on Monday, March 25th. Tigress Financial upped their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd. William Blair reiterated an "outperform" rating on shares of Carnival Co. & in a report on Monday, April 22nd. JPMorgan Chase & Co. increased their price objective on Carnival Co. & from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Finally, Argus decreased their price objective on Carnival Co. & from $23.00 to $20.00 and set a "buy" rating for the company in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.47.

Carnival Co. & Trading Down 0.7 %

CCL traded down $0.10 during trading hours on Friday, reaching $15.08. The company's stock had a trading volume of 20,458,964 shares, compared to its average volume of 27,173,956. Carnival Co. & plc has a fifty-two week low of $8.72 and a fifty-two week high of $19.74. The stock has a market cap of $16.92 billion, a PE ratio of 58.00 and a beta of 2.54. The business's 50-day moving average is $15.58 and its 200-day moving average is $15.47. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.55) earnings per share. As a group, equities research analysts predict that Carnival Co. & plc will post 1.02 earnings per share for the current fiscal year.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.