Carnival Corporation (CCL) Position Lifted by Wunderlich Capital Managemnt

Wunderlich Capital Managemnt boosted its holdings in shares of Carnival Corporation (NYSE:CCL) by 37.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,149 shares of the company’s stock after buying an additional 5,487 shares during the period. Wunderlich Capital Managemnt’s holdings in Carnival were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CCL. Almanack Investment Partners LLC. acquired a new position in Carnival during the second quarter valued at $117,000. Grove Bank & Trust raised its position in Carnival by 367.8% during the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after buying an additional 1,600 shares during the period. Bessemer Group Inc. raised its position in Carnival by 109.4% during the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after buying an additional 1,368 shares during the period. Smithfield Trust Co. raised its position in Carnival by 826.2% during the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after buying an additional 2,520 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its position in Carnival by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after buying an additional 40 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $67.41, for a total transaction of $6,127,771.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $65.57, for a total value of $327,850.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,903 shares of company stock valued at $6,782,771. 23.80% of the stock is currently owned by corporate insiders.

CCL has been the topic of several research reports. Zacks Investment Research lowered Carnival from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Carnival in a research report on Tuesday, August 15th. Susquehanna Bancshares upped their target price on Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a research report on Monday, September 25th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival in a research report on Thursday, September 28th. Finally, Instinet reaffirmed a “buy” rating and issued a $75.00 target price on shares of Carnival in a research report on Monday, October 2nd. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.73.

Carnival Corporation (NYSE CCL) traded up $0.12 on Tuesday, hitting $67.03. The stock had a trading volume of 2,215,900 shares, compared to its average volume of 3,150,965. The company has a market cap of $35,852.79, a P/E ratio of 17.33, a PEG ratio of 1.19 and a beta of 0.73. Carnival Corporation has a 52 week low of $50.77 and a 52 week high of $69.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.21.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.39 billion. Carnival had a return on equity of 12.15% and a net margin of 15.53%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. research analysts predict that Carnival Corporation will post 3.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, November 22nd. This is an increase from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio is 43.72%.

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Carnival 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.

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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