California Public Employees Retirement System Has $41.38 Million Stake in Carnival Co. & plc (NYSE:CCL)

California Public Employees Retirement System reduced its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,660,641 shares of the company’s stock after selling 76,895 shares during the period. California Public Employees Retirement System owned 0.14% of Carnival Co. & worth $41,383,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CCL. Hartford Investment Management Co. grew its stake in Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after purchasing an additional 387 shares during the period. Prestige Wealth Management Group LLC grew its position in shares of Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock worth $54,000 after buying an additional 408 shares during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after acquiring an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its position in shares of Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock valued at $372,000 after acquiring an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after acquiring an additional 521 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

Shares of CCL opened at $20.00 on Thursday. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.73 and a beta of 2.66. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a 50 day moving average of $23.43 and a 200 day moving average of $23.21. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm 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 company’s 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) EPS. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CCL shares. Mizuho upped their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 24th. Citigroup dropped their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Stifel Nicolaus raised their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Finally, Truist Financial lifted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & 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.