Barings LLC acquired a new position in shares of Carnival Corp (NYSE:CCL) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 27,745 shares of the company’s stock, valued at approximately $1,841,000.
Several other large investors also recently modified their holdings of the stock. Capital Growth Management LP bought a new position in Carnival in the third quarter valued at $65,539,000. APG Asset Management N.V. grew its position in Carnival by 60.6% in the third quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock valued at $149,383,000 after purchasing an additional 872,800 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position 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 purchasing an additional 641,103 shares in the last quarter. Janus Henderson Group PLC grew its position 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 in the last quarter. Finally, State of Wisconsin Investment Board grew its position in Carnival by 188.5% in the third quarter. State of Wisconsin Investment Board now owns 526,536 shares of the company’s stock valued at $33,998,000 after purchasing an additional 344,051 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.
Carnival Corp (NYSE:CCL) opened at $69.50 on Monday. Carnival Corp has a 12-month low of $54.75 and a 12-month high of $72.70. The company has a market cap of $49,460.00, a PE ratio of 19.36, a PEG ratio of 1.17 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 announced its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. sell-side analysts expect 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. Stockholders of record on Friday, February 23rd will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is presently 32.03%.
CCL has been the subject of a number of analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Deutsche Bank raised their target price on shares of Carnival to $70.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. Credit Suisse Group raised shares of Carnival from a “neutral” rating to an “outperform” rating and raised their target price for the company from $66.05 to $70.00 in a research report on Tuesday, January 9th. Morgan Stanley raised shares of Carnival from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $65.94 to $68.00 in a research report on Wednesday, December 6th. Finally, Wells Fargo & Co raised their target price on shares of Carnival from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $73.82.
In other news, CEO Stein Kruse sold 60,665 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total transaction of $4,039,682.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Arnaldo Perez sold 8,567 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $68.73, for a total transaction of $588,809.91. Following the sale, the general counsel now owns 32,365 shares of the company’s stock, valued at approximately $2,224,446.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 336,364 shares of company stock valued at $22,622,361. 23.80% of the stock is currently owned by corporate 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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