State of New Jersey Common Pension Fund D Acquires 9,200 Shares of Carnival Co. & plc (NYSE:CCL)

State of New Jersey Common Pension Fund D lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 383,568 shares of the company’s stock after acquiring an additional 9,200 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Carnival Co. & were worth $9,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hartford Investment Management Co. boosted its stake 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 acquiring an additional 387 shares during the period. Encompass Wealth Advisors LLC boosted its stake 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 acquiring an additional 451 shares during the period. Avidian Wealth Enterprises LLC boosted its stake in Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the period. Finally, Graypoint LLC boosted its stake in Carnival Co. & by 5.3% in the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after purchasing an additional 560 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $25.71 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market capitalization of $29.94 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The stock has a fifty day moving average of $25.74 and a 200-day moving average of $21.94.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 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 company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the firm earned ($0.07) EPS. Carnival Co. &’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on CCL shares. Stifel Nicolaus boosted their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley boosted their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Bank of America boosted their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group boosted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup boosted their price target 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 analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

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.