BlackRock Inc. grew its stake in Carnival Corp (NYSE:CCL) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,804,490 shares of the company’s stock after buying an additional 2,421,339 shares during the quarter. BlackRock Inc. owned 0.06% of Carnival worth $1,978,124,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CCL. SeaCrest Wealth Management LLC acquired a new position in shares of Carnival in the 4th quarter valued at about $123,000. Grove Bank & Trust lifted 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 buying an additional 1,600 shares during the period. Smithfield Trust Co. lifted 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 buying an additional 2,520 shares during the period. Nine Chapters Capital Management LLC acquired a new position in shares of Carnival in the 3rd quarter valued at about $200,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Carnival in the 4th quarter valued at about $215,000. 75.07% of the stock is owned by institutional investors and hedge funds.
In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $65.57, for a total transaction of $327,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stein Kruse sold 60,665 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 336,364 shares of company stock valued at $22,622,361. 23.80% of the stock is owned by company insiders.
Shares of Carnival Corp (CCL) opened at $69.50 on Friday. Carnival Corp has a 52 week low of $54.75 and a 52 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. The company has a market capitalization of $49,460.00, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75.
Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the business earned $0.67 EPS. Carnival’s quarterly revenue was up 8.2% on a year-over-year basis. equities analysts anticipate that Carnival Corp will post 4.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 annualized dividend and a yield of 2.59%. Carnival’s dividend payout ratio (DPR) is currently 32.03%.
Several equities analysts have recently issued reports on the company. ValuEngine raised Carnival from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Stifel Nicolaus lifted their price target on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research restated a “buy” rating and issued a $84.00 price target (up previously from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Finally, Barclays lifted their price target on Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a research note on Thursday, December 21st. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Carnival presently has an average rating of “Buy” and a consensus price target of $73.82.
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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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