Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in Carnival Corp (NYSE:CCL) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,180 shares of the company’s stock after buying an additional 43,780 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Carnival were worth $9,901,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in shares of Carnival in the 4th quarter valued at about $123,000. Grove Bank & Trust grew its holdings in shares of 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 in the last quarter. Smithfield Trust Co. grew its holdings in shares of 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 in the last quarter. Nine Chapters Capital Management LLC bought a new position in shares of Carnival in the 3rd quarter valued at about $200,000. Finally, Clarus Wealth Advisors bought a new position in shares of Carnival in the 4th quarter valued at about $218,000. Institutional investors and hedge funds own 75.07% of the company’s stock.
Carnival Corp (NYSE CCL) traded up $0.53 during midday trading on Wednesday, hitting $69.28. 1,008,787 shares of the company’s stock were exchanged, compared to its average volume of 3,309,118. The company has a market capitalization of $36,734.98, a PE ratio of 19.29, a PEG ratio of 1.15 and a beta of 0.75. 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 Corp has a 12-month low of $54.75 and a 12-month high of $72.70.
Carnival (NYSE:CCL) last released its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The business had revenue of $4.26 billion for 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%. Carnival’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. analysts expect that Carnival Corp will post 4.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a $0.45 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 annualized dividend and a yield of 2.60%. Carnival’s payout ratio is 32.03%.
Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their price objective on shares of Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Credit Suisse Group raised their price objective on shares of Carnival from $78.10 to $79.50 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Wells Fargo & Co raised their price objective on shares of Carnival from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Barclays lifted their price target on shares of Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a research report 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 issued a strong buy rating to the stock. Carnival presently has a consensus rating of “Buy” and an average price target of $73.82.
In other news, CEO Arnold W. Donald sold 5,000 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Arnold W. Donald sold 8,000 shares of the company’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 transaction, the chief executive officer now owns 102,150 shares in the company, valued at approximately $7,320,069. The disclosure for this sale can be found here. In the last 90 days, insiders sold 313,627 shares of company stock worth $21,059,647. 23.80% of the stock is owned by company insiders.
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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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