Acadian Asset Management LLC increased its position in shares of Carnival Corp (NYSE:CCL) by 2,246.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,404 shares of the company’s stock after buying an additional 158,356 shares during the period. Acadian Asset Management LLC’s holdings in Carnival Corp were worth $9,744,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of CCL. Rowland & Co. Investment Counsel ADV raised its stake in Carnival Corp by 0.4% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,315 shares of the company’s stock worth $113,000 after buying an additional 9 shares in the last quarter. Independent Advisor Alliance acquired a new position in Carnival Corp during the fourth quarter worth approximately $128,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Carnival Corp during the fourth quarter worth approximately $131,000. NCM Capital Management Group Inc. increased its position in Carnival Corp by 9.9% in the third quarter. NCM Capital Management Group Inc. now owns 2,775 shares of the company’s stock worth $135,000 after buying an additional 250 shares during the last quarter. Finally, SRB Corp increased its position in Carnival Corp by 17.7% in the third quarter. SRB Corp now owns 3,325 shares of the company’s stock worth $162,000 after buying an additional 500 shares during the last quarter. 79.45% of the stock is currently owned by institutional investors.
Carnival Corp (NYSE:CCL) traded down 1.057% during trading on Friday, reaching $61.335. The company’s stock had a trading volume of 1,156,626 shares. The firm has a 50-day moving average price of $59.84 and a 200-day moving average price of $54.99. The firm has a market capitalization of $44.53 billion, a P/E ratio of 15.115 and a beta of 0.73. Carnival Corp has a 52 week low of $42.94 and a 52 week high of $63.41.
Carnival Corp (NYSE:CCL) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Carnival Corp will post $3.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 26th will be paid a $0.40 dividend. This is a positive change from Carnival Corp’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.58%. The ex-dividend date is Wednesday, May 24th. Carnival Corp’s payout ratio is presently 37.43%.
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A number of research analysts have recently commented on the company. Argus upgraded Carnival Corp from a “hold” rating to a “buy” rating and increased their price objective for the company from $56.03 to $64.00 in a report on Monday, February 27th. Instinet raised their price target on Carnival Corp from $61.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, March 29th. Zacks Investment Research upgraded Carnival Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, February 14th. Barclays PLC raised their price target on Carnival Corp from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 29th. Finally, Deutsche Bank AG raised their price target on Carnival Corp from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, March 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. Carnival Corp has a consensus rating of “Buy” and a consensus target price of $57.28.
In other news, insider Alan Buckelew sold 31,158 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $55.88, for a total transaction of $1,741,109.04. Following the transaction, the insider now directly owns 211,520 shares in the company, valued at approximately $11,819,737.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arnold W. Donald sold 32,049 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $55.88, for a total transaction of $1,790,898.12. Following the transaction, the chief executive officer now owns 599,913 shares in the company, valued at $33,523,138.44. The disclosure for this sale can be found here. Insiders sold a total of 125,206 shares of company stock worth $7,112,793 over the last quarter. Company 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 of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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