Maryland State Retirement & Pension System Has $1.38 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Maryland State Retirement & Pension System lowered its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,235 shares of the company’s stock after selling 1,696 shares during the period. Maryland State Retirement & Pension System’s holdings in Carnival Co. & were worth $1,376,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CCL. Xponance Inc. grew its stake in Carnival Co. & by 9.2% in the fourth quarter. Xponance Inc. now owns 149,337 shares of the company’s stock valued at $3,721,000 after acquiring an additional 12,626 shares during the period. Intech Investment Management LLC grew its stake in Carnival Co. & by 1,063.0% in the fourth quarter. Intech Investment Management LLC now owns 118,567 shares of the company’s stock valued at $2,955,000 after acquiring an additional 108,372 shares during the period. Horizon Investments LLC grew its stake in Carnival Co. & by 9.3% in the fourth quarter. Horizon Investments LLC now owns 14,986 shares of the company’s stock valued at $373,000 after acquiring an additional 1,273 shares during the period. Thrivent Financial for Lutherans grew its stake in Carnival Co. & by 2.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 54,814 shares of the company’s stock valued at $1,366,000 after acquiring an additional 1,085 shares during the period. Finally, Sovereign Investment Advisors LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $342,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCL. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Mizuho raised their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Loop Capital started coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price on the stock. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus dropped their target price on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $21.02 on Friday. The business’s fifty day simple moving average is $24.19 and its 200 day simple moving average is $22.99. The firm has a market capitalization of $24.47 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

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

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.