Arizona State Retirement System Grows Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Arizona State Retirement System boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 301,707 shares of the company’s stock after buying an additional 12,319 shares during the quarter. Arizona State Retirement System’s holdings in Carnival Co. & were worth $7,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mizuho Securities USA LLC increased its holdings in shares of Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after acquiring an additional 6,566,120 shares during the last quarter. State Street Corp boosted its holdings in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Carnival Co. & in the fourth quarter valued at approximately $53,636,000. Wedge Capital Management L L P NC raised its holdings in Carnival Co. & by 718.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after purchasing an additional 1,901,224 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $26,806,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on CCL shares. Bank of America increased their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective on the stock. Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Morgan Stanley raised their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Finally, Citigroup boosted 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, December 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Trading Down 1.2 %

NYSE CCL opened at $20.62 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $24.00 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The firm has a 50-day moving average price of $25.07 and a 200 day moving average price of $22.68.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the business posted ($0.07) EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

Carnival Co. & 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.