Retirement Systems of Alabama Has $11.86 Million Stake in Carnival Corp (CCL)

Share on StockTwits

Retirement Systems of Alabama decreased its stake in Carnival Corp (NYSE:CCL) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,969 shares of the company’s stock after selling 4,345 shares during the period. Retirement Systems of Alabama’s holdings in Carnival were worth $11,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Merchants Corp grew its holdings in shares of Carnival by 4.6% in the 3rd quarter. First Merchants Corp now owns 33,038 shares of the company’s stock valued at $2,107,000 after acquiring an additional 1,463 shares in the last quarter. Ledyard National Bank grew its holdings in Carnival by 2.1% during the third quarter. Ledyard National Bank now owns 151,167 shares of the company’s stock worth $9,640,000 after purchasing an additional 3,119 shares during the period. Fisher Asset Management LLC grew its holdings in Carnival by 25.5% during the third quarter. Fisher Asset Management LLC now owns 5,127 shares of the company’s stock worth $327,000 after purchasing an additional 1,041 shares during the period. A. D. Beadell Investment Counsel Inc. grew its holdings in Carnival by 2.6% during the third quarter. A. D. Beadell Investment Counsel Inc. now owns 37,555 shares of the company’s stock worth $2,394,000 after purchasing an additional 950 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in Carnival by 37.5% during the third quarter. Steward Partners Investment Advisory LLC now owns 54,124 shares of the company’s stock worth $3,452,000 after purchasing an additional 14,766 shares during the period. Institutional investors own 76.42% of the company’s stock.

In other news, General Counsel Arnaldo Perez sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $64.26, for a total transaction of $449,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 23.80% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Carnival from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Goldman Sachs Group set a $70.00 price target on Carnival and gave the stock a “hold” rating in a report on Monday, September 24th. Bank of America set a $78.00 price target on Carnival and gave the stock a “buy” rating in a report on Wednesday, September 26th. Macquarie set a $55.00 price target on Carnival and gave the stock a “sell” rating in a report on Friday, September 28th. Finally, ValuEngine upgraded Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.86.

Shares of NYSE:CCL opened at $54.14 on Wednesday. Carnival Corp has a 12-month low of $53.47 and a 12-month high of $72.70. The company has a market cap of $28.59 billion, a PE ratio of 14.17, a PEG ratio of 0.91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.22 and a quick ratio of 0.17.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.04. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Carnival Corp will post 4.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, November 21st. Carnival’s dividend payout ratio is presently 52.36%.

Carnival Profile

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

Further Reading: What is a balanced fund?

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp (NYSE:CCL).

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply