Nomura Asset Management Co. Ltd. Acquires 5,369 Shares of Carnival Co. & plc (NYSE:CCL)

Nomura Asset Management Co. Ltd. grew its position in shares of Carnival Co. & plc (NYSE:CCL) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,330 shares of the company’s stock after acquiring an additional 5,369 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Carnival Co. & were worth $5,458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its position in shares of Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after purchasing an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Carnival Co. & during the third quarter worth $1,140,000. Commonwealth Equity Services LLC raised its position in 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. Wedge Capital Management L L P NC grew its position in shares of Carnival Co. & by 10.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after acquiring an additional 24,198 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after purchasing an additional 79,857 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price target on Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Tigress Financial increased their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Bank of America lifted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Mizuho increased their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $25.90 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company has a market cap of $29.89 billion, a PE ratio of 23.13 and a beta of 2.67. The company has a 50 day moving average of $23.42 and a 200-day moving average of $19.14. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $27.17.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Carnival Co. & 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.