V Wealth Management LLC Cuts Position in Carnival Corporation (CCL)

V Wealth Management LLC lessened its holdings in Carnival Corporation (NYSE:CCL) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,602 shares of the company’s stock after selling 1,000 shares during the quarter. Carnival comprises approximately 1.1% of V Wealth Management LLC’s investment portfolio, making the stock its 26th largest holding. V Wealth Management LLC’s holdings in Carnival were worth $2,169,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Grove Bank & Trust grew its stake in shares of Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after purchasing an additional 1,600 shares during the period. Smithfield Trust Co. grew its stake in shares of Carnival by 826.2% during the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after purchasing an additional 2,520 shares during the period. YorkBridge Wealth Partners LLC grew its stake in Carnival by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after acquiring an additional 40 shares during the period. Sun Life Financial INC grew its stake in Carnival by 23,315.4% in the 2nd quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock valued at $200,000 after acquiring an additional 3,031 shares during the period. Finally, Nine Chapters Capital Management LLC acquired a new stake in Carnival in the 3rd quarter valued at $200,000. Institutional investors own 75.91% of the company’s stock.

In other news, General Counsel Arnaldo Perez sold 15,166 shares of Carnival stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $1,009,903.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Arnold W. Donald sold 5,000 shares of Carnival stock in a transaction on Friday, December 1st. The stock was sold at an average price of $65.57, for a total value of $327,850.00. The disclosure for this sale can be found here. Insiders sold a total of 306,393 shares of company stock worth $20,524,631 in the last 90 days. 23.80% of the stock is currently owned by insiders.

Shares of Carnival Corporation (NYSE CCL) traded down $0.47 during mid-day trading on Friday, reaching $68.56. The company’s stock had a trading volume of 4,100,000 shares, compared to its average volume of 3,040,000. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29. The stock has a market cap of $49,100.00, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.18 and a beta of 0.73. Carnival Corporation has a 12 month low of $53.03 and a 12 month high of $69.89.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. equities research analysts predict that Carnival Corporation will post 4.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a $0.45 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.63%. Carnival’s payout ratio is currently 44.57%.

A number of research firms recently issued reports on CCL. Instinet reissued a “buy” rating and issued a $75.00 price target on shares of Carnival in a research note on Monday, October 2nd. Nomura reissued a “buy” rating and issued a $75.00 price target on shares of Carnival in a research note on Friday, September 29th. Credit Suisse Group reissued a “neutral” rating on shares of Carnival in a research note on Thursday, September 28th. Argus reissued a “neutral” rating and issued a $67.00 price target (down previously from $78.00) on shares of Carnival in a research note on Thursday, September 28th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $79.00 price target (up previously from $74.00) on shares of Carnival in a research note on Wednesday, September 27th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Carnival presently has an average rating of “Buy” and a consensus price target of $72.78.

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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.

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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