First National Trust Co lifted its position in shares of Carnival Corporation (NYSE:CCL) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,568 shares of the company’s stock after buying an additional 10,336 shares during the period. First National Trust Co’s holdings in Carnival were worth $2,892,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CCL. Grove Bank & Trust boosted its position in shares of Carnival by 367.8% during the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after buying an additional 1,600 shares during the period. Smithfield Trust Co. boosted its position in shares of Carnival by 826.2% during the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after buying an additional 2,520 shares during the period. YorkBridge Wealth Partners LLC boosted its position in shares of Carnival by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after buying an additional 40 shares during the period. Sun Life Financial INC boosted its position in shares of Carnival by 23,315.4% during the second quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock worth $200,000 after buying an additional 3,031 shares during the period. Finally, Nine Chapters Capital Management LLC acquired a new position in shares of Carnival during the third quarter worth about $200,000. 75.91% of the stock is owned by institutional investors.
Shares of Carnival Corporation (CCL) traded down $1.17 during midday trading on Wednesday, reaching $68.52. The company had a trading volume of 3,664,000 shares, compared to its average volume of 3,077,440. Carnival Corporation has a 1 year low of $52.65 and a 1 year high of $69.89. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $49,840.00, a PE ratio of 19.09, a PEG ratio of 1.18 and a beta of 0.73.
CCL has been the subject of several recent research reports. Zacks Investment Research raised Carnival from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Thursday, September 21st. Susquehanna Bancshares upped their price objective on Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a research report on Monday, September 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $79.00 price objective (up from $74.00) on shares of Carnival in a research report on Wednesday, September 27th. Deutsche Bank reaffirmed a “hold” rating and set a $61.00 price objective (down from $62.00) on shares of Carnival in a research report on Wednesday, September 27th. Finally, Argus reaffirmed a “neutral” rating and set a $67.00 price objective (down from $78.00) on shares of Carnival in a research report on Thursday, September 28th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $72.78.
In other Carnival news, CEO Stein Kruse sold 60,665 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $4,039,682.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Arnold W. Donald sold 5,000 shares of the company’s 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 sale, the chief executive officer now owns 115,572 shares in the company, valued at approximately $7,561,875.96. The disclosure for this sale can be found here. Insiders sold 299,953 shares of company stock worth $20,076,471 in the last 90 days. Corporate insiders own 23.80% of the company’s stock.
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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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