Ladenburg Thalmann Financial Services Inc. Buys 1,660 Shares of Carnival Corporation (CCL)

Ladenburg Thalmann Financial Services Inc. raised its stake in Carnival Corporation (NYSE:CCL) by 4.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 35,331 shares of the company’s stock after buying an additional 1,660 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Carnival were worth $2,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Pathstone Family Office LLC increased its holdings in shares of Carnival by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after purchasing an additional 38 shares during the period. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Carnival during the second quarter valued at $289,000. Almanack Investment Partners LLC. acquired a new position in shares of Carnival during the second quarter valued at $117,000. Grove Bank & Trust increased its holdings in shares of Carnival by 367.8% during the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after purchasing an additional 1,600 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Carnival by 109.4% during the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after purchasing an additional 1,368 shares during the period. Institutional investors own 75.94% of the company’s stock.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $65.57, for a total transaction of $327,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 90,903 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was 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. Insiders sold a total of 100,903 shares of company stock worth $6,782,771 in the last three months. 23.80% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on CCL shares. BidaskClub raised Carnival from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Zacks Investment Research raised Carnival from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Tuesday, August 22nd. Credit Suisse Group lowered Carnival from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $78.00 to $70.00 in a report on Friday, September 15th. Finally, Susquehanna Bancshares lifted their target price on Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a report on Monday, September 25th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Carnival currently has a consensus rating of “Buy” and an average target price of $68.83.

Carnival Corporation (NYSE:CCL) opened at $65.95 on Friday. The firm has a market capitalization of $34,925.79, a PE ratio of 16.89, a P/E/G ratio of 1.16 and a beta of 0.73. Carnival Corporation has a 12 month low of $50.77 and a 12 month high of $69.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. The firm had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Carnival had a return on equity of 12.15% and a net margin of 15.53%. Carnival’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.92 EPS. analysts expect that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.73%. This is a boost from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio (DPR) is currently 43.72%.

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About Carnival

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 (NYSE:CCL)

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