Today, Advisors Asset Management Inc. decides to keep it stake in Carnival Corp. (CCL) to the level of $732,000

Today, Advisors Asset Management Inc. decides to keep it stake in Carnival Corp. (CCL) to the level of $732,000
Advisors Asset Management Inc. reduced its stake in Carnival Corp. (NYSE:CCL) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,992 shares of the company’s stock after selling 1,314 shares during the period. Advisors Asset Management Inc.’s holdings in Carnival Corp. were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CCL. Quotient Investors LLC raised its position in shares of Carnival Corp. by 585.1% in the second quarter. Quotient Investors LLC now owns 43,845 shares of the company’s stock valued at $1,938,000 after buying an additional 37,445 shares during the last quarter. Forte Capital LLC ADV raised its position in shares of Carnival Corp. by 40.2% in the second quarter. Forte Capital LLC ADV now owns 14,667 shares of the company’s stock valued at $648,000 after buying an additional 4,202 shares during the last quarter. Trust Co raised its position in shares of Carnival Corp. by 7.6% in the first quarter. Trust Co now owns 9,074 shares of the company’s stock valued at $479,000 after buying an additional 639 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Carnival Corp. by 3.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 113,497 shares of the company’s stock valued at $5,017,000 after buying an additional 3,777 shares during the last quarter. Finally, DNB Asset Management AS raised its position in shares of Carnival Corp. by 3.2% in the second quarter. DNB Asset Management AS now owns 801,906 shares of the company’s stock valued at $34,861,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Shares of Carnival Corp. (NYSE:CCL) traded up 0.48% during trading on Friday, hitting $52.55. The company’s stock had a trading volume of 1,498,895 shares. The firm’s 50 day moving average price is $48.70 and its 200-day moving average price is $47.43. The company has a market cap of $38.36 billion, a PE ratio of 16.34 and a beta of 0.66. Carnival Corp. has a 52 week low of $40.52 and a 52 week high of $55.77.

Carnival Corp. (NYSE:CCL) last announced its quarterly earnings data on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.03. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The company earned $5.10 billion during the quarter. During the same period in the prior year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Carnival Corp. will post $3.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 25th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 2.66%. Carnival Corp.’s dividend payout ratio (DPR) is 42.94%.

Several research analysts have recently commented on CCL shares. Sanford C. Bernstein upgraded Carnival Corp. from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $52.00 to $63.00 in a research report on Tuesday. Macquarie started coverage on Carnival Corp. in a research report on Tuesday, October 4th. They set a “neutral” rating and a $55.00 price target for the company. HSBC started coverage on Carnival Corp. in a research report on Monday, October 3rd. They set a “buy” rating and a $60.00 price target for the company. Deutsche Bank AG started coverage on Carnival Corp. in a research report on Thursday, September 29th. They set a “hold” rating and a $48.00 price target for the company. Finally, Morgan Stanley lowered Carnival Corp. from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $54.00 to $48.00 in a research report on Friday, September 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.64.

In related news, CEO Arnold W. Donald sold 91,813 shares of the company’s stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of $46.67, for a total transaction of $4,284,912.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Bernstein sold 4,030 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total transaction of $198,195.40. Following the sale, the chief financial officer now directly owns 47,256 shares of the company’s stock, valued at $2,324,050.08. The disclosure for this sale can be found here. Corporate insiders own 22.00% of the company’s stock.

About Carnival Corp.

Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.

Related posts

Leave a Comment