Nippon Life Global Investors Americas Inc. bought a new stake in shares of Carnival Corporation (NYSE:CCL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,790 shares of the company’s stock, valued at approximately $3,086,000.
A number of other large investors have also recently bought and sold shares of CCL. Private Advisor Group LLC boosted its position in Carnival by 47.9% during the third quarter. Private Advisor Group LLC now owns 11,373 shares of the company’s stock worth $750,000 after acquiring an additional 3,685 shares during the last quarter. Financial Counselors Inc. raised its stake in Carnival by 38.8% during the third quarter. Financial Counselors Inc. now owns 85,826 shares of the company’s stock worth $5,542,000 after purchasing an additional 23,973 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new position in Carnival during the third quarter worth about $623,000. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new position in Carnival during the third quarter worth about $6,806,000. Finally, Mackenzie Financial Corp purchased a new position in Carnival during the third quarter worth about $3,096,000. 75.94% of the stock is owned by institutional investors.
Several research firms have commented on CCL. UBS reiterated a “buy” rating and set a $76.00 price target (up previously from $67.00) on shares of Carnival in a report on Thursday, August 17th. Deutsche Bank reiterated a “hold” rating and set a $61.00 price target (down previously from $62.00) on shares of Carnival in a report on Wednesday, September 27th. Zacks Investment Research cut shares of Carnival from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Argus reiterated a “neutral” rating and set a $67.00 price target (down previously from $78.00) on shares of Carnival in a report on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price target (up previously from $74.00) on shares of Carnival in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.71.
In other news, CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the transaction, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The disclosure for this sale can be found here. 23.80% of the stock is currently owned by company insiders.
Carnival Corporation (CCL) traded up $1.25 during trading on Tuesday, hitting $67.25. 4,100,500 shares of the company’s stock traded hands, compared to its average volume of 3,166,712. Carnival Corporation has a one year low of $50.77 and a one year high of $69.89. The firm has a market cap of $35,365.18, a PE ratio of 17.10, a P/E/G ratio of 1.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16.
Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period in the prior year, the firm posted $1.92 EPS. The company’s revenue was up 8.2% on a year-over-year basis. equities research analysts predict that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio (DPR) is presently 43.72%.
COPYRIGHT VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/05/nippon-life-global-investors-americas-inc-invests-3-09-million-in-carnival-corporation-ccl.html.
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.
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL).
Receive News & Ratings for Carnival Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corporation and related companies with MarketBeat.com's FREE daily email newsletter.