Vaughan Nelson Investment Management L.P. Grows Position in Carnival Co. & plc (NYSE:CCL)

Vaughan Nelson Investment Management L.P. lifted its position in Carnival Co. & plc (NYSE:CCL) by 72.3% during the 3rd quarter, Holdings Channel reports. The firm owned 2,870,760 shares of the company’s stock after acquiring an additional 1,204,500 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Carnival Co. & were worth $53,052,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC grew its holdings in Carnival Co. & by 35.1% in the 3rd quarter. Natixis Advisors LLC now owns 678,001 shares of the company’s stock worth $12,529,000 after acquiring an additional 176,039 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. Empowered Funds LLC increased its holdings in Carnival Co. & by 8.8% during the 3rd quarter. Empowered Funds LLC now owns 16,975 shares of the company’s stock valued at $314,000 after purchasing an additional 1,367 shares during the period. CIBC Asset Management Inc raised its position in Carnival Co. & by 8.2% during the 3rd quarter. CIBC Asset Management Inc now owns 150,447 shares of the company’s stock valued at $2,780,000 after purchasing an additional 11,460 shares during the last quarter. Finally, ING Groep NV lifted its holdings in Carnival Co. & by 136.8% in the 3rd quarter. ING Groep NV now owns 135,338 shares of the company’s stock worth $2,501,000 after buying an additional 78,186 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

CCL opened at $24.31 on Friday. The firm has a market cap of $28.06 billion, a PE ratio of 21.71 and a beta of 2.66. The stock has a 50-day moving average price of $20.31 and a 200-day moving average price of $17.65. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $24.99. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. Sell-side analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CCL. Macquarie boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Citigroup upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Truist Financial boosted their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Finally, Morgan Stanley lifted their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and an average target price of $23.78.

Carnival Co. & Company 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.