Aperio Group LLC Has $11.62 Million Stake in Carnival Corporation (CCL)

Aperio Group LLC increased its position in Carnival Corporation (NYSE:CCL) by 8.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,945 shares of the company’s stock after acquiring an additional 14,612 shares during the quarter. Aperio Group LLC’s holdings in Carnival Corporation were worth $11,619,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. New England Research & Management Inc. boosted its position in shares of Carnival Corporation by 104.6% in the third quarter. New England Research & Management Inc. now owns 24,550 shares of the company’s stock valued at $1,585,000 after acquiring an additional 12,550 shares during the period. Davis R M Inc. boosted its position in shares of Carnival Corporation by 32.1% in the third quarter. Davis R M Inc. now owns 143,725 shares of the company’s stock valued at $9,280,000 after acquiring an additional 34,910 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of Carnival Corporation by 2.8% in the third quarter. Xact Kapitalforvaltning AB now owns 60,692 shares of the company’s stock valued at $3,919,000 after acquiring an additional 1,637 shares during the period. Advisors Capital Management LLC boosted its position in shares of Carnival Corporation by 2.8% in the third quarter. Advisors Capital Management LLC now owns 195,934 shares of the company’s stock valued at $12,651,000 after acquiring an additional 5,279 shares during the period. Finally, Pineno Levin & Ford Asset Management Inc. boosted its position in shares of Carnival Corporation by 1.5% in the third quarter. Pineno Levin & Ford Asset Management Inc. now owns 63,017 shares of the company’s stock valued at $4,069,000 after acquiring an additional 955 shares during the period. Institutional investors own 77.87% of the company’s stock.

In other news, CEO Arnold W. Donald sold 90,903 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $67.41, for a total transaction of $6,127,771.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.80% of the stock is currently owned by corporate insiders.

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A number of equities analysts have recently commented on the stock. Nomura restated a “buy” rating and issued a $75.00 price objective on shares of Carnival Corporation in a research report on Friday, September 29th. Instinet restated a “buy” rating and issued a $75.00 price objective on shares of Carnival Corporation in a research report on Monday, October 2nd. Argus restated a “neutral” rating and issued a $67.00 price objective (down from $78.00) on shares of Carnival Corporation in a research report on Thursday, September 28th. Credit Suisse Group restated a “neutral” rating on shares of Carnival Corporation in a research report on Thursday, September 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $79.00 price objective (up from $74.00) on shares of Carnival Corporation in a research report 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 given a strong buy rating to the stock. Carnival Corporation has a consensus rating of “Buy” and an average target price of $67.43.

Carnival Corporation (NYSE:CCL) last posted its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.39 billion. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.45 per share. This is an increase from Carnival Corporation’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, November 22nd. Carnival Corporation’s dividend payout ratio is currently 43.72%.

Carnival Corporation 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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