Vaughan Nelson Investment Management L.P. lowered its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,780,100 shares of the company's stock after selling 90,660 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.24% of Carnival Co. & worth $69,279,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in Carnival Co. & in the 2nd quarter valued at about $624,000. Czech National Bank lifted its stake in Carnival Co. & by 6.9% in the third quarter. Czech National Bank now owns 205,790 shares of the company's stock valued at $3,803,000 after buying an additional 13,309 shares during the period. CWM LLC boosted its stake in Carnival Co. & by 125.8% during the third quarter. CWM LLC now owns 69,533 shares of the company's stock worth $1,285,000 after acquiring an additional 38,741 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Carnival Co. & by 499.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,072 shares of the company's stock worth $131,000 after buying an additional 5,892 shares during the period. Finally, CVA Family Office LLC increased its position in shares of Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after acquiring an additional 1,205 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Carnival Co. & Price Performance
Shares of NYSE:CCL traded up $0.27 during midday trading on Wednesday, hitting $25.88. The company's stock had a trading volume of 13,924,771 shares, compared to its average volume of 19,995,199. The company has a market cap of $30.13 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The business's 50 day simple moving average is $25.76 and its 200 day simple moving average is $21.68. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's revenue was up 10.0% on a year-over-year basis. During the same period last year, the company posted ($0.07) EPS. On average, analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Citigroup lifted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Bank of America increased their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Finally, Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.11.
Check Out Our Latest Research Report on CCL
Carnival Co. & Company Profile
(
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.
Featured Stories
Before you consider Carnival Co. &, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carnival Co. & wasn't on the list.
While Carnival Co. & currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
