Paragon Capital Management Ltd purchased a new position in shares of Carnival Corp (NYSE:CCL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,256 shares of the company’s stock, valued at approximately $267,000.
Other institutional investors also recently made changes to their positions in the company. Alpine Global Management LLC bought a new stake in Carnival during the fourth quarter worth $1,128,000. State Street Corp lifted its holdings in Carnival by 1.7% during the 3rd quarter. State Street Corp now owns 17,715,669 shares of the company’s stock worth $774,352,000 after purchasing an additional 304,457 shares in the last quarter. Unigestion Holding SA lifted its holdings in Carnival by 4.3% during the 3rd quarter. Unigestion Holding SA now owns 251,524 shares of the company’s stock worth $10,994,000 after purchasing an additional 10,293 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Carnival by 13.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,885 shares of the company’s stock worth $214,000 after purchasing an additional 563 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its holdings in Carnival by 33.3% during the 4th quarter. Simon Quick Advisors LLC now owns 933 shares of the company’s stock worth $47,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 76.92% of the company’s stock.
NYSE CCL traded down $0.60 during trading on Friday, reaching $42.60. The company’s stock had a trading volume of 3,992,741 shares, compared to its average volume of 6,367,701. The stock has a market capitalization of $22.05 billion, a PE ratio of 9.86, a P/E/G ratio of 1.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.23 and a quick ratio of 0.18. The firm has a fifty day moving average of $47.78 and a 200 day moving average of $45.76. Carnival Corp has a one year low of $39.92 and a one year high of $59.24.
Carnival (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.56 billion. Carnival had a return on equity of 12.29% and a net margin of 14.36%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. Research analysts expect that Carnival Corp will post 4.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.69%. Carnival’s dividend payout ratio (DPR) is presently 45.45%.
A number of analysts recently issued reports on the company. TheStreet raised Carnival from a “c+” rating to a “b-” rating in a report on Friday, January 17th. ValuEngine raised Carnival from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Standpoint Research raised Carnival from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Wells Fargo & Co dropped their price objective on Carnival from $59.00 to $51.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Finally, Nomura reissued a “hold” rating and set a $45.00 price objective on shares of Carnival in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Carnival presently has a consensus rating of “Hold” and an average target price of $49.60.
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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