Teacher Retirement System of Texas Takes Position in Carnival Co. & plc (NYSE:CCL)

Teacher Retirement System of Texas acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 199,049 shares of the company’s stock, valued at approximately $4,960,000.

Several other large investors also recently bought and sold shares of the business. Empowered Funds LLC grew its stake in shares of Carnival Co. & by 8.8% in the third quarter. Empowered Funds LLC now owns 16,975 shares of the company’s stock worth $314,000 after acquiring an additional 1,367 shares during the period. Caprock Group LLC purchased a new stake in Carnival Co. & in the third quarter worth approximately $201,000. PNC Financial Services Group Inc. grew its position in Carnival Co. & by 3.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 191,834 shares of the company’s stock worth $3,545,000 after purchasing an additional 6,283 shares during the period. Avior Wealth Management LLC raised its stake in Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after buying an additional 924 shares during the last quarter. Finally, Commerce Bank lifted its holdings in shares of Carnival Co. & by 5.1% during the 3rd quarter. Commerce Bank now owns 21,485 shares of the company’s stock valued at $397,000 after buying an additional 1,035 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Trading Down 0.9 %

CCL stock opened at $21.02 on Monday. 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 1-year low of $13.78 and a 1-year high of $28.72. The business has a 50 day simple moving average of $24.19 and a two-hundred day simple moving average of $23.04. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Truist Financial upped their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Morgan Stanley raised their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Mizuho upped their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Stifel Nicolaus dropped their price target on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.89.

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.