Vaughan Nelson Investment Management L.P. Has $11.90 Million Stock Holdings in Carnival Corporation $CCL

Vaughan Nelson Investment Management L.P. reduced its holdings in shares of Carnival Corporation (NYSE:CCL) by 2.2% in the second quarter, Holdings Channel reports. The institutional investor owned 423,118 shares of the company’s stock after selling 9,682 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Carnival were worth $11,898,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. New Century Financial Group LLC grew its holdings in shares of Carnival by 375.7% during the second quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock valued at $2,029,000 after buying an additional 56,976 shares during the last quarter. Whelan Financial acquired a new position in shares of Carnival during the second quarter valued at about $249,000. Ameritas Advisory Services LLC acquired a new position in shares of Carnival during the second quarter valued at about $151,000. Crews Bank & Trust grew its holdings in shares of Carnival by 32.5% during the second quarter. Crews Bank & Trust now owns 2,650 shares of the company’s stock valued at $75,000 after buying an additional 650 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Carnival by 5.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,632 shares of the company’s stock valued at $3,617,000 after buying an additional 6,472 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.60% of the company’s stock.

Carnival Stock Performance

Shares of CCL stock opened at $28.56 on Friday. The firm has a market cap of $33.34 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 0.60 and a beta of 2.68. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The firm’s 50-day simple moving average is $30.42 and its two-hundred day simple moving average is $25.51.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.32 by $0.11. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, equities analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a report on Saturday, September 27th. Susquehanna boosted their price target on shares of Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a report on Tuesday. Tigress Financial boosted their price target on shares of Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Barclays boosted their price target on shares of Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. Finally, Bank of America boosted their price target on shares of Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.90.

Carnival Profile

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.