Focused Wealth Management Inc purchased a new position in Carnival Corp (NYSE:CCL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the company’s stock, valued at approximately $133,000.
Several other hedge funds have also bought and sold shares of CCL. BlackRock Inc. raised its stake in shares of Carnival by 8.8% in the fourth quarter. BlackRock Inc. now owns 29,804,490 shares of the company’s stock worth $1,978,124,000 after purchasing an additional 2,421,339 shares during the last quarter. Capital Growth Management LP purchased a new position in shares of Carnival in the third quarter worth $65,539,000. Janus Henderson Group PLC raised its stake in shares of Carnival by 14.1% in the third quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock worth $227,614,000 after purchasing an additional 436,941 shares during the last quarter. Impala Asset Management LLC raised its stake in shares of Carnival by 89.1% in the fourth quarter. Impala Asset Management LLC now owns 808,657 shares of the company’s stock worth $53,671,000 after purchasing an additional 381,001 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Carnival in the fourth quarter worth $23,870,000. Hedge funds and other institutional investors own 76.74% of the company’s stock.
Several research firms have recently weighed in on CCL. ValuEngine upgraded Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research cut Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Stifel Nicolaus boosted their price target on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research reaffirmed a “buy” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Finally, Barclays lifted their price objective on Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a report 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. The company presently has an average rating of “Buy” and an average target price of $73.84.
Carnival Corp (CCL) traded up $0.18 during trading hours on Friday, reaching $66.91. The company’s stock had a trading volume of 3,831,367 shares, compared to its average volume of 3,080,461. Carnival Corp has a twelve month low of $57.09 and a twelve month 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 company has a market capitalization of $35,768.13, a price-to-earnings ratio of 18.64, a PEG ratio of 1.12 and a beta of 0.80.
Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. Carnival’s revenue for the quarter 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio is presently 22.28%.
In other news, CEO Arnold W. Donald sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $68.00, for a total value of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 115,572 shares of the company’s stock, valued at $7,858,896. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Stein Kruse sold 60,665 shares of the company’s stock in a transaction dated 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. Insiders have sold 339,364 shares of company stock valued at $22,830,561 in the last three months. 23.80% of the stock is currently owned by corporate insiders.
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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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