New Mexico Educational Retirement Board lessened its holdings in Carnival Corporation (NYSE:CCL) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,167 shares of the company’s stock after selling 1,700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Carnival were worth $2,400,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Pathstone Family Office LLC increased its position in shares of Carnival by 200.0% in the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after acquiring an additional 38 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Carnival by 1.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after acquiring an additional 40 shares during the period. Security National Bank of Sioux City Iowa IA increased its position in shares of Carnival by 0.5% in the second 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 period. Scotia Capital Inc. increased its position in shares of Carnival by 0.4% in the second 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 period. Finally, Ballentine Partners LLC increased its position in shares of Carnival by 1.7% in the second quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock valued at $305,000 after acquiring an additional 75 shares during the period. Institutional investors own 75.90% of the company’s stock.
Shares of Carnival Corporation (NYSE CCL) traded down $0.11 during trading on Friday, reaching $66.37. 1,877,017 shares of the company were exchanged, compared to its average volume of 3,017,390. The company has a market capitalization of $35,622.38, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73. Carnival Corporation has a 12 month low of $51.70 and a 12 month high of $69.89. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a dividend of $0.45 per share. This is a boost from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, November 22nd. Carnival’s dividend payout ratio is currently 44.57%.
A number of research firms have issued reports on CCL. Zacks Investment Research upgraded shares of Carnival from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Tuesday, September 5th. Credit Suisse Group cut shares of Carnival from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $78.00 to $70.00 in a research report on Friday, September 15th. Stifel Nicolaus boosted their price target on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Buckingham Research reissued a “buy” rating and set a $84.00 price objective (up previously from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Finally, Deutsche Bank boosted their price objective on shares of Carnival to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Carnival currently has an average rating of “Buy” and a consensus target price of $72.89.
In other Carnival news, CEO Arnold W. Donald sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $68.00, for a total transaction of $408,000.00. Following the completion of the sale, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at $7,858,896. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $67.41, for a total transaction of $6,127,771.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 234,188 shares of company stock valued at $15,675,427. 23.80% of the stock is owned by corporate insiders.
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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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