Davidson Investment Advisors reduced its position in shares of Carnival Corp (NYSE:CCL) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 255,244 shares of the company’s stock after selling 1,656 shares during the quarter. Carnival comprises 1.2% of Davidson Investment Advisors’ holdings, making the stock its 28th biggest position. Davidson Investment Advisors’ holdings in Carnival were worth $11,157,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Carnival by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 30,480,817 shares of the company’s stock worth $1,418,882,000 after purchasing an additional 240,301 shares during the last quarter. Invesco Ltd. grew its position in shares of Carnival by 22.0% during the 2nd quarter. Invesco Ltd. now owns 21,734,076 shares of the company’s stock worth $1,011,721,000 after buying an additional 3,925,980 shares during the period. Nuveen Asset Management LLC grew its position in shares of Carnival by 12,460.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,311,837 shares of the company’s stock worth $200,716,000 after buying an additional 4,277,507 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Carnival by 8.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,868,390 shares of the company’s stock worth $180,074,000 after buying an additional 317,499 shares during the period. Finally, APG Asset Management N.V. grew its position in shares of Carnival by 34.4% during the 2nd quarter. APG Asset Management N.V. now owns 2,960,094 shares of the company’s stock worth $120,998,000 after buying an additional 757,188 shares during the period. 75.52% of the stock is owned by hedge funds and other institutional investors.
In other Carnival news, Director Sir Jonathon Band sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $40.83, for a total transaction of $204,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 24.10% of the stock is currently owned by insiders.
Shares of CCL traded up $0.07 on Tuesday, hitting $44.75. The company’s stock had a trading volume of 301,861 shares, compared to its average volume of 3,916,329. The company has a quick ratio of 0.25, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $43.38 and its 200-day moving average price is $47.41. Carnival Corp has a fifty-two week low of $39.92 and a fifty-two week high of $62.52. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.05 and a beta of 1.11.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Thursday, September 26th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.10. Carnival had a return on equity of 12.67% and a net margin of 14.93%. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.18 billion. As a group, equities analysts predict that Carnival Corp will post 4.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. Carnival’s dividend payout ratio is presently 46.95%.
Several equities analysts have recently issued reports on the company. Deutsche Bank set a $46.00 target price on Carnival and gave the stock a “hold” rating in a research report on Friday, September 27th. Macquarie set a $53.00 target price on Carnival and gave the stock a “buy” rating in a research report on Friday, September 27th. Berenberg Bank restated a “sell” rating on shares of Carnival in a research report on Saturday, November 2nd. UBS Group lowered Carnival from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $47.00 in a research report on Friday, September 27th. Finally, Barclays set a $47.00 target price on Carnival and gave the stock a “hold” rating in a research report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Carnival currently has a consensus rating of “Hold” and a consensus price target of $52.40.
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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