American International Group Inc. Has $7,080,000 Stake in Carnival Corporation (CCL)

American International Group Inc. decreased its stake in Carnival Corporation (NYSE:CCL) by 1.3% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 145,021 shares of the company’s stock after selling 1,877 shares during the period. American International Group Inc.’s holdings in Carnival Corporation were worth $7,080,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Banced Corp boosted its stake in shares of Carnival Corporation by 12.9% in the second quarter. Banced Corp now owns 11,474 shares of the company’s stock valued at $570,000 after buying an additional 1,307 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Carnival Corporation by 3.5% in the second quarter. LS Investment Advisors LLC now owns 19,793 shares of the company’s stock valued at $875,000 after buying an additional 673 shares in the last quarter. CIBC World Markets Inc. boosted its stake in shares of Carnival Corporation by 11.2% in the second quarter. CIBC World Markets Inc. now owns 8,680 shares of the company’s stock valued at $384,000 after buying an additional 876 shares in the last quarter. CWM LLC boosted its stake in shares of Carnival Corporation by 10.8% in the second quarter. CWM LLC now owns 62,024 shares of the company’s stock valued at $2,741,000 after buying an additional 6,024 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Carnival Corporation during the second quarter valued at approximately $331,000. Institutional investors own 79.04% of the company’s stock.

Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

Shares of Carnival Corporation (NYSE:CCL) traded up 0.304% during trading on Wednesday, reaching $54.415. 1,003,454 shares of the company were exchanged. Carnival Corporation has a one year low of $40.52 and a one year high of $54.87. The firm’s 50 day moving average price is $52.42 and its 200 day moving average price is $48.25. The company has a market capitalization of $39.51 billion, a PE ratio of 14.628 and a beta of 0.65.

Carnival Corporation (NYSE:CCL) last released its earnings results on Tuesday, December 20th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The business earned $3.90 billion during the quarter, compared to the consensus estimate of $3.90 billion. Carnival Corporation had a net margin of 16.96% and a return on equity of 11.35%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. Equities research analysts forecast that Carnival Corporation will post $3.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, November 25th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Tuesday, November 22nd. Carnival Corporation’s dividend payout ratio is presently 37.43%.

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Several research firms recently weighed in on CCL. Bank of America Corporation set a $53.40 price objective on shares of Carnival Corporation and gave the stock a “buy” rating in a research note on Wednesday, September 21st. Nomura reduced their price objective on shares of Carnival Corporation from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, September 27th. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price objective on shares of Carnival Corporation in a research note on Tuesday, September 27th. Buckingham Research lifted their price objective on shares of Carnival Corporation from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, September 27th. Finally, Wedbush reissued a “neutral” rating and set a $54.00 price objective on shares of Carnival Corporation in a research note on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $55.22.

In other news, General Counsel Arnaldo Perez sold 15,165 shares of the firm’s stock in a transaction that occurred on Thursday, December 29th. The shares were sold at an average price of $52.11, for a total transaction of $790,248.15. Following the completion of the sale, the general counsel now owns 88,789 shares of the company’s stock, valued at approximately $4,626,794.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Bernstein sold 60,664 shares of the firm’s stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $52.11, for a total transaction of $3,161,201.04. Following the sale, the chief financial officer now directly owns 168,374 shares of the company’s stock, valued at approximately $8,773,969.14. The disclosure for this sale can be found here. Company insiders own 22.00% of the company’s stock.

About Carnival Corporation

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.

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