Carnival Corporation and PLC Have Increased their Stakes in the New York State Common Retirement Fund

The New York State Common Retirement Fund increased its position in Carnival Co & plc (NYSE: CCL) in the third quarter by 11.7%, according to its most recent disclosure to the Securities and Exchange Commission (SEC).

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During the first quarter of this year, the institutional investor added 92,841 shares of the company's stock to its portfolio, making its holdings total 886,195 shares.

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In its most recent filing with the Securities and Exchange Commission, it was revealed that the New York State Common Retirement Fund owned 0.08% of Carnival Co at the time of the filing, and the stock value was $6,230,000 at the time of the filing.

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In the last few months, a considerable number of important additional investors have changed their proportion of ownership of the company's shares from one to another.

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A new holding in Carnival Company was purchased by Quantinno Capital Management LP during the third quarter for close to $93,000.

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Sumitomo Mitsui Financial Group INC's ownership stake in Carnival Company increased by 45.3% during the third quarter of the company's fiscal year, 2017.

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A total of 109,328 shares were purchased during the most recent fiscal quarter by Sumitomo Mitsui Financial Group INC, which increased the company's stock holdings by that amount.

This has resulted in 109,328 shares being issued by the company at the present time, which currently has a market value of $1,000,000.

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During the third quarter of 2018, Moors & Cabot INC invested approximately $71,000 in order to increase its ownership stake in Carnival Company by approximately 10 percent.

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KBC Group NV increased its ownership of Carnival Company stock by 3.4% in the third quarter.

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After making an additional purchase of 1,838 shares during the most recent quarter, KBC Group NV now directly owns 55,586 shares in the company.

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It is estimated that the company is worth $391,000 based on the current market price of these shares.

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Moreover, Buckingham Strategic Wealth LLC has increased the percentage of Carnival Company and its shares within its portfolio by 28.7% during the third quarter of 2018 as well.

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Buckingham Strategic Wealth LLC purchased 3,228 additional shares for $102,000 during the most recent quarter, bringing its total number of shares to 14,485.

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There was a $102,000 increase in the value of the company's stock holdings as a result of this transaction.

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The majority of the shares owned by hedge funds and other institutional investors in the company are worth 49.87% of the company's total value.

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The most recent issues of the CCL reports have been contributed to by a wide range of research organizations in a wide range of fields.

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It was announced on January 10 that Morgan Stanley had upgraded Carnival Corp.'s rating from "underweight" to "neutral" in its report on the company's investment strategy.

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Additionally, their price target was raised from $6.00 to $7.00. StockNews.com recommended investors sell Carnival Company shares on Thursday, December 22. An analyst note published on Tuesday, December 6 reaffirmed JPMorgan Chase & Co's "neutral" rating and price objective on Carnival Company shares of $13.00.

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As part of the note, a price target was also established for the shares.

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Citigroup had previously assigned Carnival Corporation a "neutral" rating; this rating was changed to an "overweight" rating in the company's latest research report, which was released on January 31.

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The firm also raised its price target for the stock from $9.00 to $13.00, which was already set for the stock a few days earlier.

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Tigress Financial reiterated its "buy" rating on Carnival Company and issued a price objective of $13.00 for the company's stock in a research note released on Thursday, October 27 as part of its analysis of the stock. There are six analysts who recommend that you purchase shares of the company, seven who recommend holding onto your shares, and five who recommend that you sell your shares.

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Analysts have established a consensus price target of $11.71 for the stock, according to TradeAlgo.com. The average rating for the company right now is "Hold."

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Stocks of the company were put up for sale on Friday for a price of $11.16 per share, an increase from last week.

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Currently, the company has a market capitalization of $12.43 billion and a beta value of 2.22.

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It is 2.15 times less than it should be based on the price-to-earnings ratio.

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Carnival Company & Plc's current price of $23.64 represents the all-time high, while its current price of $6.11 represents the all-time low.

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Taking a look at the debt-to-equity ratio, we can see that the ratio is 4.52 to 1, the quick ratio is 0.67 to 1, and the current ratio is 0.71 to 1.

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A stock price of $9.67 per share of the company is currently trading on the stock market, which is higher than the company's 200-day moving average price of $9.42 per share.

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On December 21st, the New York Stock Exchange announced that the Carnival Corporation, which trades under the ticker symbol CCL on the New York Stock Exchange, had released its most recent quarterly earnings report.

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For the period under review, the company's earnings per share came in at $0.85, which was $0.04 higher than the consensus estimate among industry professionals of $0.89.

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It has been determined that Carnival Company's net margin is negative by 54.07 percent, while its return on equity is negative by 64.76 percent, and this has been determined to be a negative value.

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The company reported its sales for the quarter to be $3.84 billion, which is lower than the industry experts' consensus estimate of $3.96 billion, which is expected to be the company's sales for the quarter.

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Forecasts from analysts in the relevant industry predict Carnival Company & plc's current fiscal year will end in a loss of $0.18 per share.

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Among the companies engaged in the business of operating cruise ships is Carnival Corporation, which is one of the major players in this industry. Among its many business divisions are North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tours, just to mention a few. There are a number of cruise lines that operate both in North America and Australia.

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Seabourn, Princess Cruises, Holland America Line, and Carnival Cruise Line are among these cruise lines.

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