Westwood Management Corp IL grew its stake in shares of Carnival Corporation (NYSE:CCL) by 12.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 152,218 shares of the company’s stock after acquiring an additional 17,200 shares during the period. Carnival Corporation comprises 1.5% of Westwood Management Corp IL’s investment portfolio, making the stock its 19th biggest position. Westwood Management Corp IL’s holdings in Carnival Corporation were worth $9,829,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of Carnival Corporation by 2,540.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock valued at $17,046,000 after acquiring an additional 253,997 shares during the period. Prudential Financial Inc. grew its position in shares of Carnival Corporation by 4.3% during the 2nd quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock valued at $43,908,000 after acquiring an additional 27,330 shares during the period. Homrich & Berg bought a new position in shares of Carnival Corporation during the 2nd quarter valued at approximately $272,000. Covenant Multifamily Offices LLC grew its position in shares of Carnival Corporation by 2.4% during the 2nd quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock valued at $2,618,000 after acquiring an additional 929 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Carnival Corporation by 14.7% during the 2nd quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock valued at $2,265,000 after acquiring an additional 4,422 shares during the period. 77.87% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on CCL. Nomura restated a “buy” rating and set a $75.00 price target on shares of Carnival Corporation in a research note on Friday, September 29th. Instinet restated a “buy” rating and set a $75.00 price target on shares of Carnival Corporation in a research note on Monday, October 2nd. Argus restated a “neutral” rating and set a $67.00 price target (down from $78.00) on shares of Carnival Corporation in a research note on Thursday, September 28th. Credit Suisse Group restated a “neutral” rating on shares of Carnival Corporation in a research note on Thursday, September 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $79.00 price target (up from $74.00) on shares of Carnival Corporation in a research note on Wednesday, September 27th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Carnival Corporation presently has an average rating of “Buy” and a consensus target price of $67.43.
Carnival Corporation (CCL) traded up 0.4806% during mid-day trading on Tuesday, reaching $66.3373. 1,033,799 shares of the company’s stock traded hands. The company has a market cap of $47.83 billion, a P/E ratio of 18.0411 and a beta of 0.71. The stock has a 50 day moving average of $66.07 and a 200 day moving average of $65.27. Carnival Corporation has a 12-month low of $47.06 and a 12-month high of $69.89.
Carnival Corporation (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that Carnival Corporation will post $3.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from Carnival Corporation’s previous quarterly dividend of $0.40. Carnival Corporation’s payout ratio is 43.72%.
In other news, CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 23.80% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: “Westwood Management Corp IL Grows Stake in Carnival Corporation (CCL)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/10/31/westwood-management-corp-il-grows-stake-in-carnival-corporation-ccl.html.
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.
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL).
What are top analysts saying about Carnival Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Carnival Corporation and related companies.