Andra AP fonden Has $4.23 Million Stake in Carnival Corporation (CCL)
Andra AP fonden increased its stake in shares of Carnival Corporation (NYSE:CCL) by 7.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 65,500 shares of the company’s stock after acquiring an additional 4,600 shares during the period. Andra AP fonden’s holdings in Carnival Corporation were worth $4,229,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Carnival Corporation 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 acquiring an additional 934,311 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Carnival Corporation by 2.0% during the 2nd quarter. BlackRock Inc. now owns 28,469,248 shares of the company’s stock valued at $1,866,728,000 after acquiring an additional 550,116 shares during the last quarter. Investec Asset Management LTD increased its holdings in shares of Carnival Corporation by 6.5% during the 2nd quarter. Investec Asset Management LTD now owns 4,961,591 shares of the company’s stock valued at $325,332,000 after acquiring an additional 303,161 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Carnival Corporation by 316.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock valued at $277,772,000 after acquiring an additional 3,220,191 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Carnival Corporation by 115.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock valued at $202,505,000 after acquiring an additional 1,655,345 shares during the last quarter. 77.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carnival Corporation (CCL) opened at $66.38 on Wednesday. The firm has a market capitalization of $35,188.35, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.34 and a beta of 0.75. Carnival Corporation has a twelve month low of $48.36 and a twelve month high of $69.89. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32.
Carnival Corporation (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. equities analysts anticipate that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.45 dividend. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, November 22nd. Carnival Corporation’s dividend payout ratio (DPR) is 43.72%.
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CCL has been the topic of a number of analyst reports. Zacks Investment Research lowered Carnival Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Credit Suisse Group lowered Carnival Corporation from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $70.00 in a report on Friday, September 15th. Instinet reissued a “buy” rating and set a $75.00 price objective on shares of Carnival Corporation in a report on Monday, October 2nd. Susquehanna Bancshares Inc increased their target price on Carnival Corporation from $75.00 to $76.00 and gave the company a “positive” rating in a research note on Monday, September 25th. Finally, Nomura reiterated a “buy” rating and issued a $75.00 price objective on shares of Carnival Corporation in a research report on Friday, September 29th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $67.43.
In other news, CEO Arnold W. Donald sold 5,000 shares of Carnival Corporation 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 of the company’s stock, valued at approximately $7,561,875.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 23.80% of the stock is currently owned by company insiders.
Carnival Corporation Profile
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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