Carnival Co. & plc (NYSE:CCL) Shares Sold by Riverview Capital Advisers LLC

Riverview Capital Advisers LLC lessened its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 37.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,316 shares of the company's stock after selling 29,950 shares during the quarter. Riverview Capital Advisers LLC's holdings in Carnival Co. & were worth $1,229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC grew its stake in Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after purchasing an additional 6,444,444 shares during the period. Nuveen Asset Management LLC raised its stake in Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after purchasing an additional 5,761,489 shares during the period. Vanguard Group Inc. grew its holdings in Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Carnival Co. & by 228.8% in the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock worth $116,857,000 after purchasing an additional 3,263,204 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Carnival Co. & by 9,220.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,297,434 shares of the company's stock worth $82,172,000 after acquiring an additional 3,262,055 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCL. Stifel Nicolaus upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Hsbc Global Res raised Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research note on Friday. Macquarie decreased their target price on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, May 9th. HSBC upgraded Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 target price on the stock in a research report on Friday. Finally, StockNews.com upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Carnival Co. & presently has an average rating of "Moderate Buy" and an average target price of $26.68.

Carnival Co. & Stock Performance

Shares of CCL traded up $0.42 on Friday, reaching $23.42. The company's stock had a trading volume of 18,633,256 shares, compared to its average volume of 26,185,001. The stock has a market capitalization of $27.32 billion, a P/E ratio of 16.85, a PEG ratio of 0.73 and a beta of 2.50. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock's 50 day simple moving average is $19.45 and its two-hundred day simple moving average is $23.03.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping 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 company had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same period in the previous year, the firm earned ($0.14) earnings per share. Carnival Co. &'s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.