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.
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