Carnival Corp (CCL) Holdings Lowered by Daiwa SB Investments Ltd.

Daiwa SB Investments Ltd. lessened its position in shares of Carnival Corp (NYSE:CCL) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 158,250 shares of the company’s stock after selling 5,190 shares during the quarter. Carnival comprises approximately 2.8% of Daiwa SB Investments Ltd.’s portfolio, making the stock its 11th largest position. Daiwa SB Investments Ltd.’s holdings in Carnival were worth $10,503,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of Carnival by 2,540.0% during the third quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock worth $17,046,000 after purchasing an additional 253,997 shares in the last quarter. New England Research & Management Inc. boosted its stake in Carnival by 104.6% in the third quarter. New England Research & Management Inc. now owns 24,550 shares of the company’s stock valued at $1,585,000 after acquiring an additional 12,550 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Carnival in the third quarter valued at $12,791,000. Mackenzie Financial Corp acquired a new position in Carnival in the third quarter valued at $3,096,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Carnival by 42.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,138,032 shares of the company’s stock valued at $138,054,000 after acquiring an additional 641,103 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

In other Carnival news, CEO Arnold W. Donald sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $68.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at approximately $7,858,896. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Arnold W. Donald sold 5,000 shares of Carnival stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $65.57, for a total transaction of $327,850.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,627 shares of company stock valued at $20,486,367. 23.80% of the stock is owned by company insiders.

Carnival Corp (NYSE CCL) traded down $1.16 during trading on Friday, reaching $69.95. 2,577,349 shares of the company traded hands, compared to its average volume of 3,250,000. Carnival Corp has a 12-month low of $54.75 and a 12-month high of $72.70. The stock has a market cap of $49,280.00, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.20 and a beta of 0.75. 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 (NYSE:CCL) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. sell-side analysts predict that Carnival Corp will post 4.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio is currently 32.03%.

Several research analysts recently issued reports on CCL shares. Buckingham Research reissued a “buy” rating and set a $84.00 price target (up from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Stifel Nicolaus increased their target price on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. SunTrust Banks reaffirmed a “buy” rating and issued a $84.00 target price (up from $72.00) on shares of Carnival in a report on Tuesday, December 19th. They noted that the move was a valuation call. ValuEngine raised shares of Carnival from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Tigress Financial reiterated a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $73.45.

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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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