Sigma Planning Corp raised its holdings in Carnival Corp (NYSE:CCL) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,934 shares of the company’s stock after purchasing an additional 911 shares during the quarter. Sigma Planning Corp’s holdings in Carnival were worth $858,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC increased its stake in Carnival by 14.1% in the third quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock valued at $227,614,000 after purchasing an additional 436,941 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Carnival by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock worth $202,067,000 after acquiring an additional 119,107 shares during the period. APG Asset Management N.V. increased its stake in shares of Carnival by 60.6% during the third quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock worth $149,383,000 after acquiring an additional 872,800 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Carnival by 5.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,255,650 shares of the company’s stock worth $149,711,000 after acquiring an additional 117,618 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of Carnival by 0.4% during the third quarter. Eagle Asset Management Inc. now owns 2,128,102 shares of the company’s stock worth $137,113,000 after acquiring an additional 7,457 shares during the period. Institutional investors own 75.07% of the company’s stock.
In related news, CEO Arnold W. Donald sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $71.66, for a total transaction of $573,280.00. Following the sale, the chief executive officer now owns 102,150 shares of the company’s stock, valued at $7,320,069. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stein Kruse sold 60,665 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $4,039,682.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 313,627 shares of company stock worth $21,059,647. 23.80% of the stock is owned by insiders.
A number of brokerages have recently issued reports on CCL. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Stifel Nicolaus boosted their price target on shares of Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research reiterated a “buy” rating and set a $84.00 price target (up from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Finally, Barclays boosted their price target on shares of Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 21st. 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 company currently has a consensus rating of “Buy” and a consensus price target of $73.82.
Shares of Carnival Corp (NYSE:CCL) opened at $67.84 on Wednesday. The company has a market cap of $36,734.98, a PE ratio of 19.15, a P/E/G ratio of 1.15 and a beta of 0.75. Carnival Corp has a fifty-two week low of $54.75 and a fifty-two week high of $72.70. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29.
Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 EPS 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 firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. analysts forecast that Carnival Corp will post 4.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio is currently 32.03%.
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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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