Oregon Public Employees Retirement Fund Has $2.22 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Oregon Public Employees Retirement Fund lifted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,023 shares of the company’s stock after purchasing an additional 2,620 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Carnival Co. & were worth $2,218,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Hartford Investment Management Co. grew its holdings in shares of Carnival Co. & by 0.6% during the 4th 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 in the last quarter. Encompass Wealth Advisors LLC grew its holdings in shares of Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after purchasing an additional 451 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after buying an additional 521 shares in the last quarter. Finally, Graypoint LLC boosted its stake in Carnival Co. & by 5.3% in the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after buying an additional 560 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCL shares. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Loop Capital started coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price objective on the stock. Finally, Barclays raised their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Price Performance

Shares of CCL opened at $23.51 on Friday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $27.36 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The business has a 50-day moving average of $25.51 and a 200-day moving average of $22.39.

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

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.