ClariVest Asset Management LLC lessened its holdings in Carnival Corporation (NYSE:CCL) by 49.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,714 shares of the company’s stock after selling 9,600 shares during the quarter. ClariVest Asset Management LLC’s holdings in Carnival were worth $627,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Alliancebernstein L.P. lifted its position in shares of Carnival by 316.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock valued at $277,772,000 after acquiring an additional 3,220,191 shares during the period. Janus Henderson Group PLC lifted its position in shares of Carnival by 115.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock valued at $202,505,000 after acquiring an additional 1,655,345 shares during the period. Numeric Investors LLC increased its stake in shares of Carnival by 160.4% during the 2nd quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock worth $158,421,000 after purchasing an additional 1,488,366 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Carnival by 4,220.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,496,929 shares of the company’s stock worth $98,154,000 after purchasing an additional 1,462,278 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Carnival by 657.0% during the 2nd quarter. Acadian Asset Management LLC now owns 1,252,031 shares of the company’s stock worth $82,095,000 after purchasing an additional 1,086,627 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the stock. Goldman Sachs Group restated a “neutral” rating on shares of Carnival in a report on Tuesday, August 15th. UBS reiterated a “buy” rating and issued a $76.00 price objective (up previously from $67.00) on shares of Carnival in a report on Thursday, August 17th. BidaskClub raised shares of Carnival from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of Carnival from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Tuesday, August 22nd. Finally, Credit Suisse Group downgraded shares of Carnival from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $70.00 in a research report on Friday, September 15th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $67.73.
In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction 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 directly owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 100,903 shares of company stock valued at $6,782,771. Insiders own 23.80% of the company’s stock.
Shares of Carnival Corporation (NYSE:CCL) traded up $0.12 on Thursday, hitting $66.18. 2,314,853 shares of the stock traded hands, compared to its average volume of 3,160,849. Carnival Corporation has a 52 week low of $50.77 and a 52 week high of $69.89. The firm has a market cap of $47,480.00, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32.
Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The business had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.39 billion. Carnival had a net margin of 15.53% and a return on equity of 12.15%. Carnival’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. research analysts anticipate that Carnival Corporation will post 3.7 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.72%. Carnival’s dividend payout ratio is 43.60%.
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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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