Daiwa SB Investments Ltd. decreased its holdings in shares of Carnival Corporation (NYSE:CCL) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 158,250 shares of the company’s stock after selling 5,190 shares during the period. Carnival makes up 2.8% of Daiwa SB Investments Ltd.’s holdings, making the stock its 11th largest position. Daiwa SB Investments Ltd.’s holdings in Carnival were worth $10,503,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of CCL. Grove Bank & Trust raised its position in shares of Carnival by 367.8% during 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. Smithfield Trust Co. raised its position in shares of Carnival by 826.2% during 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. YorkBridge Wealth Partners LLC raised its position in shares of Carnival by 1.4% during 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. Sun Life Financial INC raised its position in shares of Carnival by 23,315.4% during the 2nd quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock valued at $200,000 after acquiring an additional 3,031 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new stake in shares of Carnival during the 3rd quarter valued at $200,000. Institutional investors own 75.91% of the company’s stock.
In related news, General Counsel Arnaldo Perez sold 15,166 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total value of $1,009,903.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 5,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at $7,561,875.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 354,545 shares of company stock valued at $23,694,789. Company insiders own 23.80% of the company’s stock.
Carnival Corporation (CCL) opened at $68.80 on Friday. The firm has a market cap of $49,470.00, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival Corporation has a one year low of $52.65 and a one year high of $69.89.
Carnival (NYSE:CCL) last announced its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. analysts predict that Carnival Corporation will post 4.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a positive change from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.62%. Carnival’s dividend payout ratio is presently 44.57%.
Several analysts have commented on CCL shares. Credit Suisse Group cut shares of Carnival from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $78.00 to $70.00 in a research report on Friday, September 15th. Zacks Investment Research raised shares of Carnival from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Thursday, September 21st. Susquehanna Bancshares boosted their price target on shares of Carnival from $75.00 to $76.00 and gave the company a “positive” rating in a report on Monday, September 25th. Stifel Nicolaus reissued a “buy” rating and issued a $79.00 price target (up previously from $74.00) on shares of Carnival in a report on Wednesday, September 27th. Finally, Deutsche Bank reissued a “hold” rating and issued a $61.00 price target (down previously from $62.00) on shares of Carnival in a report on Wednesday, September 27th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $72.78.
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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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