Crossmark Global Holdings Inc. Takes $2.24 Million Position in Carnival Corporation (NYSE:CCL)

Crossmark Global Holdings Inc. bought a new position in shares of Carnival Corporation (NYSE:CCL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,737 shares of the company’s stock, valued at approximately $2,243,000.

A number of other hedge funds have also recently added to or reduced their stakes in CCL. Alliancebernstein L.P. lifted its stake in Carnival Corporation by 316.9% during the second quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock worth $277,772,000 after purchasing an additional 3,220,191 shares during the period. Janus Henderson Group PLC lifted its stake in Carnival Corporation by 115.5% during the second quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock worth $202,505,000 after purchasing an additional 1,655,345 shares during the period. Numeric Investors LLC raised its stake in shares of Carnival Corporation by 160.4% in the second quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after acquiring an additional 1,488,366 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Carnival Corporation by 4,220.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,496,929 shares of the company’s stock valued at $98,154,000 after acquiring an additional 1,462,278 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Carnival Corporation by 657.0% in the second quarter. Acadian Asset Management LLC now owns 1,252,031 shares of the company’s stock valued at $82,095,000 after acquiring an additional 1,086,627 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Carnival Corporation (NYSE:CCL) opened at $66.02 on Wednesday. Carnival Corporation has a 52 week low of $49.73 and a 52 week high of $69.89. The company has a market cap of $47,380.00, a PE ratio of 17.09, a P/E/G ratio of 1.35 and a beta of 0.74. 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 (NYSE:CCL) last announced its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the business earned $1.92 EPS. Carnival Corporation’s quarterly revenue was up 8.2% on a year-over-year basis. equities analysts forecast that Carnival Corporation will post 3.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. Carnival Corporation’s dividend payout ratio is presently 43.60%.

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A number of research analysts have recently issued reports on CCL shares. Zacks Investment Research upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Tuesday, September 5th. Credit Suisse Group cut shares of Carnival Corporation from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $78.00 to $70.00 in a research report on Friday, September 15th. Bank of America Corporation restated a “buy” rating and issued a $73.20 price objective on shares of Carnival Corporation in a research report on Monday, July 24th. BidaskClub upgraded shares of Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $61.00 price objective (down previously from $62.00) on shares of Carnival Corporation in a research report on Wednesday, September 27th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Carnival Corporation has a consensus rating of “Buy” and an average price target of $67.43.

In related news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total value of $327,150.00. Following the completion of the transaction, the chief executive officer now owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 23.80% of the company’s stock.

About Carnival Corporation

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.

Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

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