Parametric Portfolio Associates LLC Grows Holdings in Carnival Corporation (CCL)

Parametric Portfolio Associates LLC lifted its position in shares of Carnival Corporation (NYSE:CCL) by 14.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 811,948 shares of the company’s stock after buying an additional 104,989 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.15% of Carnival worth $52,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. bought a new stake in Carnival in the 2nd quarter valued at $117,000. Grove Bank & Trust increased its holdings in Carnival by 367.8% in the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after acquiring an additional 1,600 shares during the last quarter. Bessemer Group Inc. increased its holdings in Carnival by 109.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after acquiring an additional 1,368 shares during the last quarter. Smithfield Trust Co. increased its holdings in Carnival by 826.2% in the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after acquiring an additional 2,520 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its holdings in Carnival by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

A number of analysts have issued reports on the stock. Credit Suisse Group upgraded shares of Carnival from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $66.05 to $70.00 in a report on Tuesday. Zacks Investment Research downgraded shares of Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Deutsche Bank reiterated a “hold” rating and issued a $61.00 price target (down from $62.00) on shares of Carnival in a report on Wednesday, September 27th. Stifel Nicolaus lifted their price target on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $84.00 price target (up from $72.00) on shares of Carnival in a report on Tuesday, December 19th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $72.78.

In related news, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $7,561,875.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $67.41, for a total transaction of $6,127,771.23. The disclosure for this sale can be found here. Insiders have sold a total of 354,545 shares of company stock worth $23,694,789 over the last quarter. 23.80% of the stock is currently owned by insiders.

Carnival Corporation (NYSE:CCL) traded up $0.86 during trading on Thursday, hitting $68.80. 2,630,000 shares of the stock were exchanged, compared to its average volume of 3,170,000. Carnival Corporation has a 12-month low of $52.65 and a 12-month high of $69.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. The company has a market cap of $49,470.00, a P/E ratio of 19.16, a PEG ratio of 1.18 and a beta of 0.73.

Carnival (NYSE:CCL) last posted its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. sell-side analysts forecast that Carnival Corporation will post 4.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.62%. This is an increase from Carnival’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, November 22nd. Carnival’s dividend payout ratio is presently 44.57%.

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Carnival 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.

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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