Westwood Management Corp IL Grows Stake in Carnival Corporation (CCL)

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.

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

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