Carnival Co. & plc (NYSE:CCL) Shares Purchased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury raised its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 439,488 shares of the company's stock after acquiring an additional 57,182 shares during the quarter. State of Tennessee Department of Treasury's holdings in Carnival Co. & were worth $10,952,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Carnival Co. & by 4.0% in the 4th 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. Geode Capital Management LLC increased its stake in shares of Carnival Co. & by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock worth $627,053,000 after acquiring an additional 1,201,256 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Carnival Co. & by 4.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock worth $464,747,000 after acquiring an additional 877,694 shares during the period. Renaissance Technologies LLC boosted its position in shares of Carnival Co. & by 17.7% during the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after acquiring an additional 2,720,096 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Carnival Co. & 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 purchasing an additional 6,444,444 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Trading Down 1.6 %

Carnival Co. & stock traded down $0.30 during trading on Tuesday, reaching $18.56. The company had a trading volume of 16,238,511 shares, compared to its average volume of 24,502,375. The stock's 50 day moving average price is $19.95 and its two-hundred day moving average price is $23.11. The firm has a market capitalization of $21.66 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced 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. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. As a group, equities analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCL has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. StockNews.com cut Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. BNP Paribas started coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective for the company. Finally, Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.