OppenheimerFunds Inc. Has $465.25 Million Position in Carnival Corp (CCL)

OppenheimerFunds Inc. increased its holdings in Carnival Corp (NYSE:CCL) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,295,657 shares of the company’s stock after purchasing an additional 135,561 shares during the quarter. OppenheimerFunds Inc.’s holdings in Carnival were worth $465,245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Daiwa Securities Group Inc. raised its holdings in Carnival by 6.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,092 shares of the company’s stock worth $1,381,000 after purchasing an additional 1,565 shares during the period. Aperio Group LLC raised its holdings in shares of Carnival by 24.4% during the second quarter. Aperio Group LLC now owns 249,257 shares of the company’s stock valued at $14,285,000 after acquiring an additional 48,955 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Carnival by 53.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 155,944 shares of the company’s stock valued at $8,937,000 after acquiring an additional 54,240 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Carnival by 14.1% during the second quarter. Wells Fargo & Company MN now owns 2,163,821 shares of the company’s stock valued at $124,007,000 after acquiring an additional 267,669 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Carnival by 84.0% during the second quarter. First Trust Advisors LP now owns 320,494 shares of the company’s stock valued at $18,368,000 after acquiring an additional 146,272 shares during the last quarter. 75.89% of the stock is owned by institutional investors.

In related news, General Counsel Arnaldo Perez sold 7,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $64.26, for a total value of $449,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 23.80% of the stock is currently owned by company insiders.

NYSE:CCL opened at $59.19 on Tuesday. Carnival Corp has a one year low of $53.47 and a one year high of $72.70. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $31.76 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.02 and a beta of 1.02.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Thursday, September 27th. The company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.32 by $0.04. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Carnival Corp will post 4.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. Carnival’s dividend payout ratio is presently 52.36%.

A number of brokerages have commented on CCL. Zacks Investment Research cut Carnival from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine raised Carnival from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. Credit Suisse Group set a $76.00 target price on Carnival and gave the company a “buy” rating in a report on Tuesday, November 20th. Goldman Sachs Group set a $70.00 target price on Carnival and gave the company a “hold” rating in a report on Monday, September 24th. Finally, Citigroup reduced their target price on Carnival from $79.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Carnival has a consensus rating of “Hold” and an average target price of $72.93.

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About Carnival

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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