Carnival Co. & plc (NYSE:CCL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in Carnival Co. & plc (NYSE:CCL) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,475 shares of the company’s stock after selling 18,056 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Carnival Co. & were worth $6,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its position in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Carnival Co. & in the second quarter valued at about $466,838,000. Marshall Wace LLP boosted its holdings in Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after buying an additional 8,638,865 shares in the last quarter. Renaissance Technologies LLC grew its position in Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after buying an additional 2,911,100 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after buying an additional 6,566,120 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CCL. Morgan Stanley boosted their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Bank of America lifted their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Citigroup increased their price objective on shares of Carnival Co. & from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their target price on shares of Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

Carnival Co. & Price Performance

CCL stock opened at $25.90 on Friday. The stock has a market capitalization of $29.89 billion, a price-to-earnings ratio of 23.13 and a beta of 2.67. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $27.17. The stock’s fifty day simple moving average is $23.42 and its 200-day simple moving average is $19.14.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. Equities research analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Company 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.