Carnival Corp (CCL) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC reduced its stake in shares of Carnival Corp (NYSE:CCL) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 103,342 shares of the company’s stock after selling 3,443 shares during the period. Carnival makes up 1.6% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 16th biggest position. Stoneridge Investment Partners LLC’s holdings in Carnival were worth $5,095,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wetherby Asset Management Inc. increased its position in shares of Carnival by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 6,526 shares of the company’s stock valued at $322,000 after acquiring an additional 184 shares during the period. New Potomac Partners LLC boosted its stake in shares of Carnival by 0.7% during the 4th quarter. New Potomac Partners LLC now owns 30,530 shares of the company’s stock valued at $1,505,000 after purchasing an additional 200 shares in the last quarter. Norman Fields Gottscho Capital Management LLC boosted its stake in shares of Carnival by 0.8% during the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 31,782 shares of the company’s stock valued at $1,567,000 after purchasing an additional 250 shares in the last quarter. Buckley Wealth Management LLC boosted its stake in shares of Carnival by 5.7% during the 4th quarter. Buckley Wealth Management LLC now owns 4,714 shares of the company’s stock valued at $232,000 after purchasing an additional 255 shares in the last quarter. Finally, Lodestar Investment Counsel LLC IL boosted its stake in shares of Carnival by 2.0% during the 4th quarter. Lodestar Investment Counsel LLC IL now owns 13,215 shares of the company’s stock valued at $651,000 after purchasing an additional 260 shares in the last quarter. 76.99% of the stock is owned by institutional investors.

In other Carnival news, CEO Stein Kruse sold 6,966 shares of the company’s stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $52.27, for a total transaction of $364,112.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Arnaldo Perez sold 2,290 shares of the company’s stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $52.27, for a total transaction of $119,698.30. The disclosure for this sale can be found here. 23.80% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on CCL shares. ValuEngine raised shares of Carnival from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Barclays cut their target price on shares of Carnival from $70.00 to $69.00 and set an “overweight” rating on the stock in a research note on Friday, December 21st. Wells Fargo & Co cut their target price on shares of Carnival from $76.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, January 10th. SunTrust Banks cut their target price on shares of Carnival from $77.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, December 21st. Finally, Macquarie raised shares of Carnival from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $58.00 to $66.00 in a research note on Friday, January 25th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $70.01.

Shares of NYSE CCL traded up $0.22 during midday trading on Monday, hitting $56.85. The stock had a trading volume of 52,276 shares, compared to its average volume of 3,761,889. The company has a market cap of $29.91 billion, a PE ratio of 13.37, a P/E/G ratio of 0.80 and a beta of 1.25. Carnival Corp has a 52 week low of $45.64 and a 52 week high of $70.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.19 and a current ratio of 0.24.

Carnival (NYSE:CCL) last issued its earnings results on Thursday, December 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.46 billion. Carnival had a net margin of 16.70% and a return on equity of 12.44%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, analysts forecast that Carnival Corp will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 22nd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. Carnival’s payout ratio is 46.95%.

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About Carnival

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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