DekaBank Deutsche Girozentrale lowered its holdings in Carnival Corporation (NYSE:CCL) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,077 shares of the company’s stock after selling 2,164 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Carnival Corporation were worth $3,193,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Fisher Asset Management LLC purchased a new stake in Carnival Corporation in the 2nd quarter worth approximately $670,000. Aperio Group LLC lifted its stake in shares of Carnival Corporation by 16.2% in the 2nd quarter. Aperio Group LLC now owns 165,333 shares of the company’s stock valued at $10,841,000 after purchasing an additional 23,045 shares during the period. Wright Investors Service Inc. purchased a new position in shares of Carnival Corporation in the 2nd quarter valued at approximately $237,000. Insight Capital Research & Management Inc. lifted its stake in shares of Carnival Corporation by 10.0% in the 2nd quarter. Insight Capital Research & Management Inc. now owns 29,042 shares of the company’s stock valued at $1,904,000 after purchasing an additional 2,639 shares during the period. Finally, Kelman Lazarov Inc. lifted its stake in shares of Carnival Corporation by 29.1% in the 2nd quarter. Kelman Lazarov Inc. now owns 17,825 shares of the company’s stock valued at $1,169,000 after purchasing an additional 4,021 shares during the period. Institutional investors and hedge funds own 76.71% of the company’s stock.
In related news, CEO Arnold W. Donald sold 5,000 shares of Carnival Corporation stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the transaction, the chief executive officer now directly owns 115,572 shares in the company, valued at $7,561,875.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arnold W. Donald sold 90,903 shares of Carnival Corporation 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 disclosure for this sale can be found here. 23.80% of the stock is currently owned by insiders.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The company had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. Carnival Corporation’s revenue was up 8.2% compared to the same quarter last year. analysts forecast that Carnival Corporation will post 3.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.45 per share. 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. This represents a $1.80 annualized dividend and a yield of 2.69%. Carnival Corporation’s payout ratio is 43.72%.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Carnival Corporation from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Tuesday, September 5th. UBS AG restated a “buy” rating and issued a $76.00 target price (up previously from $67.00) on shares of Carnival Corporation in a research note on Thursday, August 17th. Credit Suisse Group cut Carnival Corporation from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $78.00 to $70.00 in a research note on Friday, September 15th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday, August 15th. Finally, BidaskClub upgraded Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $67.43.
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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