State of New Jersey Common Pension Fund D Sells 186,250 Shares of Carnival Co. & plc (NYSE:CCL)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 32.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 389,021 shares of the company’s stock after selling 186,250 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Carnival Co. & were worth $7,282,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Family Firm Inc. bought a new position in shares of Carnival Co. & during the second quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new position in shares of Carnival Co. & during the second quarter valued at approximately $30,000. Richardson Capital Management LLC bought a new position in shares of Carnival Co. & during the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC bought a new position in shares of Carnival Co. & during the fourth quarter valued at approximately $31,000. Finally, BNP Paribas bought a new position in shares of Carnival Co. & during the first quarter valued at approximately $32,000. Institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CCL shares. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Argus increased their price objective on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Bank of America increased their price objective on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Truist Financial increased their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.25.

Carnival Co. & Stock Performance

Shares of CCL opened at $17.26 on Monday. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74. The stock has a fifty day moving average price of $16.54 and a 200-day moving average price of $16.06. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The firm has a market cap of $19.37 billion, a PE ratio of 26.55 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same quarter in the prior year, the business posted ($0.31) EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities research analysts predict that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.