Carnival Corporation (CCL) Holdings Reduced by Delphi Management Inc. MA

Delphi Management Inc. MA lowered its holdings in Carnival Corporation (NYSE:CCL) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,473 shares of the company’s stock after selling 2,324 shares during the quarter. Delphi Management Inc. MA’s holdings in Carnival were worth $2,161,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of CCL. Alliancebernstein L.P. boosted its stake in Carnival by 316.9% in 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 in the last quarter. Janus Henderson Group PLC boosted its stake in Carnival by 115.5% in 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 in the last quarter. Numeric Investors LLC boosted its stake in Carnival by 160.4% in the second quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock worth $158,421,000 after purchasing an additional 1,488,366 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Carnival 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 worth $98,154,000 after purchasing an additional 1,462,278 shares in the last quarter. Finally, Capital Growth Management LP acquired a new position in Carnival in the third quarter worth $65,539,000. 75.94% of the stock is currently owned by institutional investors.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $65.43, for a total value of $327,150.00. Following the completion of the sale, the chief executive officer now directly owns 115,572 shares in the company, valued at $7,561,875.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 100,903 shares of company stock valued at $6,782,771 over the last 90 days. Corporate insiders own 23.80% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Carnival from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Susquehanna Bancshares upped their price target on Carnival from $75.00 to $76.00 and gave the company a “positive” rating in a research note on Monday, September 25th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival in a research note on Thursday, September 28th. Instinet reaffirmed a “buy” rating and set a $75.00 price target on shares of Carnival in a research note on Monday, October 2nd. Finally, Nomura reaffirmed a “buy” rating and set a $75.00 price target on shares of Carnival in a research note on Friday, September 29th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Carnival presently has a consensus rating of “Buy” and a consensus target price of $67.84.

Carnival Corporation (NYSE:CCL) opened at $65.41 on Thursday. Carnival Corporation has a one year low of $50.77 and a one year high of $69.89. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $35,659.89, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.19 and a beta of 0.73.

Carnival (NYSE:CCL) last released its 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 had a return on equity of 12.15% and a net margin of 15.53%. The firm 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 firm posted $1.92 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. equities research analysts expect that Carnival Corporation will post 3.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.45 dividend. This is an increase from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, November 22nd. 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.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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