Nomura Asset Management Co. Ltd. Acquires 17,311 Shares of Carnival Co. & plc (NYSE:CCL)

Nomura Asset Management Co. Ltd. increased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 312,641 shares of the company's stock after buying an additional 17,311 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Carnival Co. & were worth $7,791,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hartford Investment Management Co. grew its stake in shares of Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after acquiring an additional 387 shares during the period. Prestige Wealth Management Group LLC boosted its position in Carnival Co. & by 23.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock worth $54,000 after purchasing an additional 408 shares during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after purchasing an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its position in shares of Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after purchasing an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after buying an additional 521 shares in the last quarter. Institutional investors own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. William Blair reiterated an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Mizuho raised their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. StockNews.com upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Finally, Morgan Stanley raised their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and a consensus price target of $26.89.

Carnival Co. & Trading Down 4.6 %

Shares of Carnival Co. & stock traded down $0.79 during trading on Friday, reaching $16.49. The company's stock had a trading volume of 39,798,792 shares, compared to its average volume of 26,132,040. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The firm's 50-day moving average is $23.09 and its two-hundred day moving average is $23.20. The company has a market cap of $19.24 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same period last year, the firm earned ($0.14) earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

About Carnival Co. &

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.