Dynamic Advisor Solutions LLC bought a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,528 shares of the company's stock, valued at approximately $237,000.
Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after purchasing an additional 1,678 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company's stock valued at $53,052,000 after buying an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Carnival Co. & during the 3rd quarter valued at $1,140,000. Commonwealth Equity Services LLC lifted its position in shares of Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock worth $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Carnival Co. & by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock worth $4,892,000 after acquiring an additional 24,198 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on CCL shares. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Mizuho boosted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Stifel Nicolaus increased their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, Macquarie boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. One equities research 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, Carnival Co. & has an average rating of "Moderate Buy" and an average target price of $27.24.
Get Our Latest Report on CCL
Carnival Co. & Trading Up 0.4 %
Shares of CCL traded up $0.12 during trading hours on Wednesday, hitting $27.89. The company had a trading volume of 19,126,484 shares, compared to its average volume of 20,999,691. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.12. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock's 50 day moving average price is $25.41 and its 200 day moving average price is $21.06. The firm has a market cap of $32.19 billion, a P/E ratio of 20.07, a P/E/G ratio of 0.80 and a beta of 2.64.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced 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 business had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.94 billion. During the same period in the previous year, the firm earned ($0.07) EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts predict that Carnival Co. & plc will post 1.74 EPS for the current year.
About Carnival Co. &
(
Free Report)
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.
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