AMP Capital Investors Ltd lowered its stake in shares of Carnival Corp (NYSE:CCL) by 1.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 113,710 shares of the company’s stock after selling 1,497 shares during the period. AMP Capital Investors Ltd’s holdings in Carnival were worth $7,247,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in CCL. Bessemer Group Inc. raised its position in Carnival by 202.9% in the third quarter. Bessemer Group Inc. now owns 2,096 shares of the company’s stock worth $134,000 after purchasing an additional 1,404 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Carnival in the second quarter worth about $124,000. Girard Partners LTD. acquired a new position in Carnival in the third quarter worth about $148,000. Stratos Wealth Partners LTD. acquired a new position in Carnival in the third quarter worth about $173,000. Finally, Palo Capital Inc. acquired a new position in Carnival in the third quarter worth about $189,000. 75.89% of the stock is owned by institutional investors and hedge funds.
In other Carnival news, General Counsel Arnaldo Perez sold 7,000 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $64.26, for a total transaction of $449,820.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.80% of the stock is currently owned by corporate insiders.
Shares of Carnival stock opened at $56.73 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 0.34. The stock has a market cap of $30.72 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.89 and a beta of 1.02. Carnival Corp has a 1-year low of $53.47 and a 1-year high of $72.70.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Thursday, September 27th. The company reported $2.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.04. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Carnival had a net margin of 17.15% and a return on equity of 12.30%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, equities analysts anticipate that Carnival Corp will post 4.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.53%. Carnival’s dividend payout ratio is 52.36%.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Carnival from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Goldman Sachs Group set a $70.00 price target on shares of Carnival and gave the stock a “hold” rating in a research report on Monday, September 24th. Bank of America set a $78.00 price target on shares of Carnival and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Macquarie set a $55.00 price target on shares of Carnival and gave the stock a “sell” rating in a research report on Friday, September 28th. Finally, ValuEngine raised shares of Carnival from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.93.
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Carnival Company Profile
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.
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