Mutual of America Capital Management LLC increased its position in shares of Carnival Corp. (NYSE:CCL) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,727 shares of the company’s stock after buying an additional 567 shares during the period. Mutual of America Capital Management LLC’s holdings in Carnival Corp. were worth $2,476,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position in Carnival Corp. by 1.0% in the first quarter. Squarepoint Ops LLC now owns 35,436 shares of the company’s stock worth $1,870,000 after buying an additional 368 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Carnival Corp. by 247.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 31,755 shares of the company’s stock worth $1,672,000 after buying an additional 22,605 shares during the last quarter. BlueMountain Capital Management LLC boosted its position in Carnival Corp. by 52.0% in the first quarter. BlueMountain Capital Management LLC now owns 20,925 shares of the company’s stock worth $1,104,000 after buying an additional 7,162 shares during the last quarter. New England Research & Management Inc. acquired a new position in Carnival Corp. during the second quarter worth approximately $225,000. Finally, Raymond James Trust N.A. boosted its position in Carnival Corp. by 5.3% in the second quarter. Raymond James Trust N.A. now owns 5,995 shares of the company’s stock worth $266,000 after buying an additional 302 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.
Carnival Corp. (NYSE:CCL) opened at 52.55 on Friday. Carnival Corp. has a one year low of $40.52 and a one year high of $55.77. The stock’s 50 day moving average is $48.70 and its 200 day moving average is $47.43. The firm has a market capitalization of $38.36 billion, a P/E ratio of 16.34 and a beta of 0.66.
Carnival Corp. (NYSE:CCL) last released its quarterly earnings data on Monday, September 26th. The company reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.03. The company earned $5.10 billion during the quarter. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.75 earnings per share. On average, equities research analysts predict that Carnival Corp. will post $3.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 25th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.66%. The ex-dividend date is Tuesday, November 22nd. Carnival Corp.’s dividend payout ratio (DPR) is presently 42.94%.
CCL has been the subject of a number of research analyst reports. SunTrust Banks Inc. set a $54.00 price target on Carnival Corp. and gave the stock a “buy” rating in a report on Wednesday, October 19th. Buckingham Research lifted their price target on Carnival Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price target on shares of Carnival Corp. in a report on Tuesday, September 27th. Nomura reduced their price target on Carnival Corp. from $62.00 to $59.00 and set a “buy” rating for the company in a report on Tuesday, September 27th. Finally, Bank of America Corp. set a $53.40 price target on Carnival Corp. and gave the stock a “buy” rating in a report on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Carnival Corp. currently has a consensus rating of “Buy” and a consensus target price of $55.64.
In other Carnival Corp. news, CEO Arnold W. Donald sold 91,813 shares of the firm’s stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of $46.67, for a total value of $4,284,912.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Bernstein sold 4,030 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $49.18, for a total transaction of $198,195.40. Following the completion of the transaction, 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. 22.00% of the stock is currently owned by corporate insiders.
Carnival Corp. Company Profile
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.