Bank of The West grew its stake in shares of Carnival Corp (NYSE:CCL) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,256 shares of the company’s stock after buying an additional 553 shares during the quarter. Bank of The West’s holdings in Carnival were worth $317,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Nuveen Asset Management LLC grew its stake in shares of Carnival by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 34,308 shares of the company’s stock valued at $1,691,000 after buying an additional 179 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in shares of Carnival by 2.9% during the fourth quarter. Wetherby Asset Management Inc. now owns 6,526 shares of the company’s stock valued at $322,000 after buying an additional 184 shares during the last quarter. New Potomac Partners LLC grew its stake in shares of Carnival by 0.7% during the fourth quarter. New Potomac Partners LLC now owns 30,530 shares of the company’s stock valued at $1,505,000 after buying an additional 200 shares during the last quarter. Hanson McClain Inc. grew its stake in shares of Carnival by 16.4% during the fourth quarter. Hanson McClain Inc. now owns 1,424 shares of the company’s stock valued at $70,000 after buying an additional 201 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC grew its stake in shares of Carnival by 0.8% during the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 31,782 shares of the company’s stock valued at $1,567,000 after buying an additional 250 shares during the last quarter. 76.54% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CCL opened at $52.27 on Thursday. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $27.35 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. Carnival Corp has a 1 year low of $45.64 and a 1 year high of $67.69.

Carnival (NYSE:CCL) last posted its earnings results on Tuesday, March 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Carnival had a return on equity of 12.30% and a net margin of 16.03%. Carnival’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. As a group, analysts anticipate that Carnival Corp will post 4.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 22nd were issued a $0.50 dividend. The ex-dividend date was Thursday, February 21st. This represents a $2.00 annualized dividend and a yield of 3.83%. Carnival’s dividend payout ratio (DPR) is presently 46.95%.

In other Carnival news, General Counsel Arnaldo Perez sold 2,290 shares of the firm’s stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $52.27, for a total value of $119,698.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stein Kruse sold 6,966 shares of the firm’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $52.27, for a total transaction of $364,112.82. The disclosure for this sale can be found here. Insiders sold 71,792 shares of company stock valued at $4,053,366 over the last 90 days. 24.10% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on CCL. Deutsche Bank reaffirmed a “hold” rating and set a $59.00 price objective on shares of Carnival in a research note on Wednesday, March 27th. Zacks Investment Research raised Carnival from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Cleveland Research raised Carnival from a “neutral” rating to a “buy” rating in a research note on Monday, December 17th. Finally, Macquarie raised Carnival from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $58.00 to $66.00 in a research note on Friday, January 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. Carnival has a consensus rating of “Buy” and a consensus target price of $67.39.

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Carnival Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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