Sei Investments Co. raised its position in Carnival Corporation (NYSE:CCL) by 21.4% during the third quarter, Holdings Channel reports. The firm owned 1,002,291 shares of the company’s stock after buying an additional 176,791 shares during the period. Sei Investments Co. owned about 0.14% of Carnival Corporation worth $48,932,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Rowland & Co. Investment Counsel ADV raised its stake in shares of Carnival Corporation by 0.4% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,315 shares of the company’s stock worth $113,000 after buying an additional 9 shares during the period. Boston Advisors LLC increased its position in shares of Carnival Corporation by 0.3% in the third quarter. Boston Advisors LLC now owns 11,025 shares of the company’s stock worth $538,000 after buying an additional 35 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Carnival Corporation by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 13,260 shares of the company’s stock worth $586,000 after buying an additional 40 shares in the last quarter. Concert Wealth Management Inc. increased its position in shares of Carnival Corporation by 1.1% in the third quarter. Concert Wealth Management Inc. now owns 5,434 shares of the company’s stock worth $268,000 after buying an additional 59 shares in the last quarter. Finally, World Asset Management Inc increased its position in shares of Carnival Corporation by 0.6% in the third quarter. World Asset Management Inc now owns 44,687 shares of the company’s stock worth $2,182,000 after buying an additional 264 shares in the last quarter. Institutional investors own 80.20% of the company’s stock.
Shares of Carnival Corporation (NYSE:CCL) traded down 0.153% on Wednesday, hitting $55.295. The stock had a trading volume of 323,257 shares. Carnival Corporation has a 12-month low of $40.52 and a 12-month high of $57.79. The company’s 50-day moving average price is $53.45 and its 200 day moving average price is $49.25. The firm has a market cap of $40.14 billion, a P/E ratio of 14.864 and a beta of 0.65.
Carnival Corporation (NYSE:CCL) last issued its earnings results on Tuesday, December 20th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. The company earned $3.90 billion during the quarter, compared to analyst estimates of $3.90 billion. Carnival Corporation had a return on equity of 11.35% and a net margin of 16.96%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. On average, equities research analysts forecast that Carnival Corporation will post $3.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 24th will be given a $0.35 dividend. The ex-dividend date is Wednesday, February 22nd. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. Carnival Corporation’s payout ratio is 37.43%.
CCL has been the subject of a number of analyst reports. Zacks Investment Research downgraded Carnival Corporation from a “hold” rating to a “sell” rating in a research report on Friday, December 2nd. Macquarie initiated coverage on Carnival Corporation in a research report on Tuesday, October 4th. They set a “neutral” rating and a $55.00 price objective for the company. SunTrust Banks, Inc. set a $54.00 price objective on Carnival Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 19th. J P Morgan Chase & Co reissued a “neutral” rating and set a $46.00 price objective (down from $58.00) on shares of Carnival Corporation in a research report on Thursday, October 27th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Carnival Corporation in a research report on Friday, December 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $55.22.
In related news, General Counsel Arnaldo Perez sold 15,165 shares of the business’s stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $52.11, for a total transaction of $790,248.15. Following the completion of the transaction, the general counsel now owns 88,789 shares in the company, valued at approximately $4,626,794.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Bernstein sold 60,664 shares of the business’s stock in a transaction that occurred on Thursday, December 29th. The shares were sold at an average price of $52.11, for a total value of $3,161,201.04. Following the transaction, the chief financial officer now owns 168,374 shares of the company’s stock, valued at approximately $8,773,969.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,056 shares of company stock valued at $7,461,495. Insiders own 22.00% of the company’s stock.
About Carnival Corporation
Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.
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