The Manufacturers Life Insurance Company lifted its stake in shares of Carnival Corp (NYSE:CCL) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 480,527 shares of the company’s stock after purchasing an additional 38,824 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of Carnival worth $31,893,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in Carnival during the 4th quarter worth approximately $123,000. Grove Bank & Trust boosted its position in Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after buying an additional 1,600 shares during the period. Smithfield Trust Co. boosted its position in Carnival by 826.2% during the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after buying an additional 2,520 shares during the period. Nine Chapters Capital Management LLC acquired a new stake in Carnival during the 3rd quarter worth approximately $200,000. Finally, Clarus Wealth Advisors acquired a new stake in Carnival during the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 75.61% of the company’s stock.
Shares of Carnival Corp (NYSE:CCL) opened at $69.58 on Thursday. Carnival Corp has a one year low of $54.75 and a one year high of $72.70. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29. The stock has a market cap of $37,098.21, a price-to-earnings ratio of 19.38, a PEG ratio of 1.16 and a beta of 0.75.
Carnival (NYSE:CCL) last posted its 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 during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. research analysts expect that Carnival Corp will post 4.28 earnings per share for the current year.
The business also recently declared 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is currently 32.03%.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Carnival from a “hold” rating to a “sell” rating in a research report 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 report 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 report on Wednesday, December 20th. Finally, Barclays lifted their price objective on shares of Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a research note on Thursday, December 21st. Seven 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 an average rating of “Buy” and a consensus price target of $73.82.
In related news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $65.57, for a total value of $327,850.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Insiders sold a total of 336,364 shares of company stock worth $22,622,361 over the last three months. 23.80% of the stock is owned by 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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