Oakbrook Investments LLC purchased a new position in Carnival Corporation (NYSE:CCL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,550 shares of the company’s stock, valued at approximately $294,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pathstone Family Office LLC lifted its stake in Carnival Corporation by 200.0% during the 2nd quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after acquiring an additional 38 shares in the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Carnival Corporation by 1.4% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after purchasing an additional 40 shares during the period. Security National Bank of Sioux City Iowa IA increased its holdings in shares of Carnival Corporation by 0.5% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock valued at $878,000 after acquiring an additional 65 shares during the last quarter. Scotia Capital Inc. increased its holdings in shares of Carnival Corporation by 0.4% in the 2nd quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock valued at $1,089,000 after acquiring an additional 71 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Carnival Corporation by 1.7% in the 2nd quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock valued at $305,000 after purchasing an additional 75 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.
In other Carnival Corporation news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the transaction, the chief executive officer now owns 115,572 shares in the company, valued at $7,561,875.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Arnold W. Donald sold 90,903 shares of Carnival Corporation stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $67.41, for a total value of $6,127,771.23. The disclosure for this sale can be found here. 23.80% of the stock is owned by corporate insiders.
Carnival Corporation (NYSE:CCL) traded up $1.32 during midday trading on Tuesday, hitting $65.98. The stock had a trading volume of 2,554,500 shares, compared to its average volume of 3,195,963. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. Carnival Corporation has a 52-week low of $49.50 and a 52-week high of $69.89. The company has a market cap of $34,647.16, a P/E ratio of 16.75, a P/E/G ratio of 1.32 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last announced its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the business earned $1.92 earnings per share. Carnival Corporation’s quarterly revenue was up 8.2% on a year-over-year basis. equities analysts expect that Carnival Corporation will post 3.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. This is an increase from Carnival Corporation’s previous quarterly dividend of $0.40. Carnival Corporation’s dividend payout ratio is presently 43.72%.
A number of analysts have weighed in on CCL shares. Instinet reaffirmed a “buy” rating and set a $75.00 price objective on shares of Carnival Corporation in a research report on Monday, October 2nd. Nomura reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Carnival Corporation in a research note on Friday, September 29th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Carnival Corporation in a research report on Thursday, September 28th. Argus reaffirmed a “neutral” rating and set a $67.00 target price (down from $78.00) on shares of Carnival Corporation in a report on Thursday, September 28th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $61.00 price objective (down previously from $62.00) on shares of Carnival Corporation in a research report on Wednesday, September 27th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.43.
Carnival Corporation Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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