Lido Advisors LLC Has $529,000 Position in Carnival Corp (CCL)

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Lido Advisors LLC increased its position in Carnival Corp (NYSE:CCL) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,742 shares of the company’s stock after buying an additional 1,062 shares during the quarter. Lido Advisors LLC’s holdings in Carnival were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital World Investors increased its position in Carnival by 94.4% during the 3rd quarter. Capital World Investors now owns 16,838,371 shares of the company’s stock valued at $1,073,783,000 after purchasing an additional 8,176,078 shares during the period. Oregon Public Employees Retirement Fund increased its position in Carnival by 4,485.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,764,160 shares of the company’s stock valued at $178,000 after purchasing an additional 8,573,046 shares during the period. OppenheimerFunds Inc. increased its position in Carnival by 1.9% during the 3rd quarter. OppenheimerFunds Inc. now owns 7,295,657 shares of the company’s stock valued at $465,245,000 after purchasing an additional 135,561 shares during the period. London Co. of Virginia increased its position in Carnival by 4.8% during the 4th quarter. London Co. of Virginia now owns 6,718,972 shares of the company’s stock valued at $331,246,000 after purchasing an additional 308,876 shares during the period. Finally, Geode Capital Management LLC increased its position in Carnival by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 4,710,995 shares of the company’s stock valued at $231,797,000 after purchasing an additional 292,550 shares during the period. 75.85% of the stock is currently owned by institutional investors.

CCL has been the topic of a number of research analyst reports. Standpoint Research initiated coverage on shares of Carnival in a research report on Wednesday, December 26th. They set an “accumulate” rating on the stock. Cleveland Research raised shares of Carnival from a “neutral” rating to a “buy” rating in a research report on Monday, December 17th. Wolfe Research set a $73.00 price objective on shares of Carnival and gave the company a “buy” rating in a research report on Tuesday, December 11th. SunTrust Banks reduced their price objective on shares of Carnival from $77.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, December 21st. Finally, Credit Suisse Group set a $76.00 price objective on shares of Carnival and gave the company a “buy” rating in a research report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $69.70.

In other news, CFO David Bernstein sold 24,682 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $57.08, for a total value of $1,408,848.56. Following the sale, the chief financial officer now directly owns 70,362 shares of the company’s stock, valued at approximately $4,016,262.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stein Kruse sold 32,163 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $57.08, for a total transaction of $1,835,864.04. Following the completion of the sale, the chief executive officer now directly owns 92,198 shares in the company, valued at $5,262,661.84. The disclosure for this sale can be found here. Insiders sold a total of 71,792 shares of company stock worth $4,053,366 over the last ninety days. Insiders own 24.10% of the company’s stock.

NYSE:CCL opened at $56.61 on Friday. The stock has a market capitalization of $29.83 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. The company has a current ratio of 0.24, a quick ratio of 0.19 and a debt-to-equity ratio of 0.32. Carnival Corp has a 1-year low of $45.64 and a 1-year high of $69.11.

Carnival (NYSE:CCL) last released its earnings results on Thursday, December 20th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.46 billion. Carnival had a net margin of 16.70% and a return on equity of 12.44%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. On average, analysts forecast that Carnival Corp will post 4.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Thursday, February 21st. Carnival’s dividend payout ratio is presently 46.95%.

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Carnival Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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