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

Vaughan Nelson Investment Management L.P. reduced its position in Carnival Co. & plc (NYSE:CCL) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 about 0.24% of Carnival Co. & worth $69,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & in the 3rd quarter worth about $25,000. Crewe Advisors LLC increased its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares in the last quarter. Assetmark Inc. raised its holdings in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares during the period. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the fourth quarter valued at approximately $34,000. Finally, CVA Family Office LLC grew its stake in 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 buying an additional 1,205 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CCL shares. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price on the stock. Stifel Nicolaus boosted their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Citigroup boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Morgan Stanley increased 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Trading Down 2.5 %

Shares of NYSE CCL opened at $26.75 on Friday. 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 $25.77 and its two-hundred day moving average price is $21.52. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a market capitalization of $31.14 billion, a P/E ratio of 19.24, a PEG ratio of 0.82 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $5.94 billion. During the same period in the prior year, the company posted ($0.07) EPS. The business’s revenue was up 10.0% compared to the same quarter last year. On average, analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal 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.