Oakbrook Investments LLC grew its holdings in shares of Carnival Corporation (NYSE:CCL) by 362.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,050 shares of the company’s stock after buying an additional 16,500 shares during the quarter. Oakbrook Investments LLC’s holdings in Carnival were worth $1,397,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Carnival by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock valued at $1,896,255,000 after buying an additional 934,311 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Carnival by 14.1% during the 3rd quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock valued at $227,614,000 after buying an additional 436,941 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Carnival by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock valued at $202,067,000 after buying an additional 119,107 shares during the last quarter. Numeric Investors LLC boosted its stake in shares of Carnival by 160.4% during the 2nd quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after buying an additional 1,488,366 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Carnival by 60.6% during the 3rd quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock valued at $149,383,000 after acquiring an additional 872,800 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.
In other Carnival news, CEO Arnold W. Donald sold 6,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $68.00, for a total value of $408,000.00. Following the sale, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at $7,858,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total value of $327,150.00. Following the completion of the sale, the chief executive officer now directly owns 115,572 shares in the company, valued at $7,561,875.96. The disclosure for this sale can be found here. Insiders sold 306,393 shares of company stock worth $20,524,631 over the last ninety days. 23.80% of the stock is owned by corporate insiders.
Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. equities analysts anticipate that Carnival Corporation will post 4.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio is presently 44.57%.
Several equities research analysts recently issued reports on CCL shares. Tigress Financial reissued a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Zacks Investment Research lowered Carnival from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Deutsche Bank upped their price target on Carnival to $70.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. Credit Suisse Group raised Carnival from a “neutral” rating to an “outperform” rating and upped their price target for the company from $66.05 to $70.00 in a research report on Tuesday, January 9th. Finally, Instinet reissued a “buy” rating and set a $75.00 price target on shares of Carnival in a research report on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $72.78.
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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