Hilltop Holdings Inc. Takes $226,000 Position in Carnival Corp (CCL)

Hilltop Holdings Inc. bought a new stake in Carnival Corp (NYSE:CCL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,426 shares of the company’s stock, valued at approximately $226,000.

Several other large investors have also recently modified their holdings of CCL. Highland Capital Management LP acquired a new position in Carnival during the 1st quarter worth about $328,000. Cubist Systematic Strategies LLC lifted its position in Carnival by 21.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 24,349 shares of the company’s stock worth $1,597,000 after buying an additional 4,288 shares in the last quarter. Guggenheim Capital LLC lifted its position in Carnival by 4.5% during the 1st quarter. Guggenheim Capital LLC now owns 578,444 shares of the company’s stock worth $37,932,000 after buying an additional 25,168 shares in the last quarter. Mariner LLC acquired a new position in Carnival during the 1st quarter worth about $262,000. Finally, LPL Financial LLC lifted its position in Carnival by 43.8% during the 1st quarter. LPL Financial LLC now owns 61,392 shares of the company’s stock worth $4,026,000 after buying an additional 18,686 shares in the last quarter. Institutional investors own 76.91% of the company’s stock.

In related news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $62.91, for a total transaction of $314,550.00. Following the completion of the sale, the chief executive officer now directly owns 132,648 shares of the company’s stock, valued at approximately $8,344,885.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Arnaldo Perez sold 7,000 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $64.01, for a total value of $448,070.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock valued at $1,402,020. 23.80% of the stock is currently owned by company insiders.

Shares of CCL stock opened at $64.45 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.19 and a quick ratio of 0.14. The stock has a market capitalization of $34.82 billion, a PE ratio of 16.87, a P/E/G ratio of 1.11 and a beta of 0.86. Carnival Corp has a one year low of $60.30 and a one year high of $72.70.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Thursday, March 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Carnival had a return on equity of 11.97% and a net margin of 14.73%. Carnival’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. sell-side analysts expect that Carnival Corp will post 4.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, May 25th were paid a $0.50 dividend. The ex-dividend date was Thursday, May 24th. This is a boost from Carnival’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.10%. Carnival’s dividend payout ratio is 52.36%.

Several brokerages recently issued reports on CCL. Stifel Nicolaus upped their price target on shares of Carnival from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine upgraded shares of Carnival from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Tigress Financial restated a “buy” rating on shares of Carnival in a research report on Friday, June 8th. Zacks Investment Research downgraded shares of Carnival from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. Finally, Buckingham Research cut their target price on shares of Carnival from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, May 25th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $74.43.

About Carnival

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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