Carnival Corporation (CCL) Stake Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in Carnival Corporation (NYSE:CCL) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,195 shares of the company’s stock after buying an additional 3,019 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Carnival were worth $3,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Carnival by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock valued at $1,896,255,000 after acquiring an additional 934,311 shares in the last quarter. BlackRock Inc. raised its holdings in Carnival by 2.0% in the 2nd quarter. BlackRock Inc. now owns 28,469,248 shares of the company’s stock valued at $1,866,728,000 after acquiring an additional 550,116 shares in the last quarter. Investec Asset Management LTD raised its holdings in Carnival by 6.5% in the 2nd quarter. Investec Asset Management LTD now owns 4,961,591 shares of the company’s stock valued at $325,332,000 after acquiring an additional 303,161 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Carnival by 316.9% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Carnival by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock valued at $202,067,000 after acquiring an additional 119,107 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

In related news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the sale, the chief executive officer now owns 115,572 shares in the company, valued at approximately $7,561,875.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 100,903 shares of company stock worth $6,782,771 in the last 90 days. 23.80% of the stock is currently owned by corporate insiders.

Several equities analysts have weighed in on CCL shares. UBS reaffirmed a “buy” rating and issued a $76.00 price objective (up from $67.00) on shares of Carnival in a report on Thursday, August 17th. Deutsche Bank reaffirmed a “hold” rating and issued a $61.00 price objective (down from $62.00) on shares of Carnival in a report on Wednesday, September 27th. Zacks Investment Research cut Carnival from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Argus reiterated a “neutral” rating and issued a $67.00 price target (down previously from $78.00) on shares of Carnival in a research note on Thursday, September 28th. Finally, Morgan Stanley upgraded Carnival from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $65.94 to $68.00 in a research note on Wednesday, December 6th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.73.

Shares of Carnival Corporation (CCL) opened at $66.91 on Monday. The firm has a market capitalization of $35,852.79, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.19 and a beta of 0.73. Carnival Corporation has a 52-week low of $50.77 and a 52-week high of $69.89. 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 issued its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. Carnival had a return on equity of 12.15% and a net margin of 15.53%. Carnival’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 EPS. analysts forecast that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Carnival’s previous quarterly dividend of $0.40. Carnival’s payout ratio is currently 43.72%.

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Carnival Company Profile

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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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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