Huntington National Bank decreased its holdings in shares of Carnival Corporation (NYSE:CCL) by 13.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,921 shares of the company’s stock after selling 2,338 shares during the period. Huntington National Bank’s holdings in Carnival Corporation were worth $963,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in CCL. Pathstone Family Office LLC increased its holdings in shares of Carnival Corporation by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after buying an additional 38 shares in the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Carnival Corporation during the second quarter worth approximately $289,000. Almanack Investment Partners LLC. acquired a new stake in shares of Carnival Corporation during the second quarter worth approximately $117,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Carnival Corporation during the first quarter worth approximately $138,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Carnival Corporation during the first quarter worth approximately $147,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.
In other Carnival Corporation news, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.80% of the company’s stock.
Several analysts have recently weighed in on CCL shares. KeyCorp lowered shares of Carnival Corporation to an “overweight” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday, July 12th. Bank of America Corporation reaffirmed a “buy” rating and set a $73.20 price objective on shares of Carnival Corporation in a report on Monday, July 24th. BidaskClub lowered shares of Carnival Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Carnival Corporation in a report on Tuesday, August 15th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $67.43.
Carnival Corporation (NYSE CCL) opened at 67.21 on Monday. The firm has a 50-day moving average of $66.06 and a 200-day moving average of $65.10. The company has a market capitalization of $48.46 billion, a PE ratio of 18.28 and a beta of 0.71. Carnival Corporation has a 52 week low of $47.06 and a 52 week high of $69.89.
Carnival Corporation (NYSE:CCL) last announced its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the company posted $1.92 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Equities analysts expect that Carnival Corporation will post $3.70 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.45 dividend. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Carnival Corporation’s dividend payout ratio is 43.72%.
Carnival Corporation Company Profile
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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