Barrow Hanley Mewhinney & Strauss LLC Makes New $466.84 Million Investment in Carnival Co. & plc (NYSE:CCL)

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,937,916 shares of the company’s stock, valued at approximately $466,838,000. Carnival Co. & accounts for about 1.6% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 23rd largest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.22% of Carnival Co. & as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC increased its stake in Carnival Co. & by 22.1% during the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after buying an additional 630 shares during the period. GAMMA Investing LLC lifted its stake in shares of Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after acquiring an additional 726 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Carnival Co. & by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after acquiring an additional 729 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after purchasing an additional 737 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in Carnival Co. & by 66.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after purchasing an additional 800 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CCL shares. JPMorgan Chase & Co. increased their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Bank of America raised their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Mizuho lifted their price target on Carnival Co. & from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Citigroup boosted their price objective on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Carnival Co. & Price Performance

NYSE CCL opened at $19.00 on Friday. The company has a 50-day moving average price of $16.59 and a two-hundred day moving average price of $16.14. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $19.74. The stock has a market cap of $21.33 billion, a price-to-earnings ratio of 29.23 and a beta of 2.68. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same period in the prior year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. Analysts forecast that Carnival Co. & plc will post 1.19 EPS for the current year.

Carnival Co. & Company 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.