Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $5.50 Million Holdings in Carnival Co. & plc (NYSE:CCL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 220,869 shares of the company’s stock after buying an additional 956 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carnival Co. & were worth $5,504,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCL. Crewe Advisors LLC increased its holdings in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at $34,000. Crews Bank & Trust acquired a new stake in Carnival Co. & in the fourth quarter valued at $50,000. Union Bancaire Privee UBP SA acquired a new stake in Carnival Co. & in the fourth quarter valued at $52,000. Finally, Venturi Wealth Management LLC increased its holdings in Carnival Co. & by 39.2% in the fourth quarter. Venturi Wealth Management LLC now owns 2,207 shares of the company’s stock valued at $55,000 after purchasing an additional 622 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 0.9 %

CCL opened at $21.02 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market capitalization of $24.47 billion, a PE ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66. The company’s 50-day moving average is $24.19 and its 200 day moving average is $22.99.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CCL shares. Morgan Stanley increased their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. The Goldman Sachs Group upped their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial upped 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. Finally, Loop Capital began coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

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.