Russell Investments Group Ltd. lowered its stake in Carnival Co. & plc (NYSE:CCL – Get Rating) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,290 shares of the company's stock after selling 14,485 shares during the period. Russell Investments Group Ltd.'s holdings in Carnival Co. & were worth $3,289,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Carnival Co. & by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 14,682,847 shares of the company's stock worth $294,677,000 after purchasing an additional 399,545 shares during the last quarter. Candlestick Capital Management LP raised its holdings in shares of Carnival Co. & by 26.3% during the fourth quarter. Candlestick Capital Management LP now owns 5,557,058 shares of the company's stock worth $111,808,000 after purchasing an additional 1,157,058 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Carnival Co. & by 13.2% during the fourth quarter. Earnest Partners LLC now owns 4,299,428 shares of the company's stock worth $86,504,000 after purchasing an additional 501,758 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Carnival Co. & by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,288,041 shares of the company's stock worth $86,276,000 after purchasing an additional 131,024 shares during the last quarter. Finally, Sirios Capital Management L P raised its holdings in shares of Carnival Co. & by 76.0% during the fourth quarter. Sirios Capital Management L P now owns 1,436,611 shares of the company's stock worth $28,905,000 after purchasing an additional 620,474 shares during the last quarter. Hedge funds and other institutional investors own 65.38% of the company's stock.

Carnival Co. & Stock Performance

CCL opened at $10.72 on Friday. The firm has a market capitalization of $10.66 billion, a PE ratio of -1.32 and a beta of 2.08. Carnival Co. & plc has a twelve month low of $8.10 and a twelve month high of $27.39. The firm's 50-day moving average price is $9.87 and its 200 day moving average price is $15.33. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 3.54.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCL. Susquehanna began coverage on shares of Carnival Co. & in a report on Thursday, June 9th. They set a "neutral" rating and a $15.00 target price for the company. Morgan Stanley cut their price objective on shares of Carnival Co. & from $13.00 to $7.00 and set an "underweight" rating for the company in a report on Wednesday, June 29th. Peel Hunt cut shares of Carnival Co. & to a "buy" rating in a report on Tuesday, June 28th. Stifel Nicolaus cut their price objective on shares of Carnival Co. & from $30.00 to $20.00 and set a "buy" rating for the company in a report on Monday, June 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Carnival Co. & from $24.00 to $14.00 and set a "hold" rating for the company in a report on Tuesday, June 21st. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Carnival Co. & currently has an average rating of "Hold" and a consensus price target of $15.98.

Insider Buying and Selling at Carnival Co. &

In other news, Director Randall J. Weisenburger bought 100,000 shares of the firm's stock in a transaction on Wednesday, May 25th. The shares were bought at an average cost of $11.76 per share, for a total transaction of $1,176,000.00. Following the acquisition, the director now directly owns 870,950 shares of the company's stock, valued at approximately $10,242,372. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.50% of the stock is currently owned by company insiders.

About Carnival Co. &

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Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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