Carnival Corp (CCL) Shares Bought by Lazard Asset Management LLC
Lazard Asset Management LLC grew its position in shares of Carnival Corp (NYSE:CCL) by 9.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 440,653 shares of the company’s stock after purchasing an additional 38,510 shares during the period. Lazard Asset Management LLC’s holdings in Carnival were worth $29,245,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in shares of Carnival during the 4th quarter worth approximately $123,000. Grove Bank & Trust grew its holdings in shares of Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after acquiring an additional 1,600 shares during the period. Smithfield Trust Co. grew its holdings in shares of Carnival by 826.2% during the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after acquiring an additional 2,520 shares during the period. First Allied Advisory Services Inc. purchased a new position in shares of Carnival during the 4th quarter worth approximately $215,000. Finally, Clarus Wealth Advisors purchased a new position in shares of Carnival during the 4th quarter worth approximately $218,000. Hedge funds and other institutional investors own 75.73% of the company’s stock.
Several analysts recently weighed in on the company. ValuEngine upgraded Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Stifel Nicolaus upped their price target on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research restated a “buy” rating and issued a $84.00 price target (up previously from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Finally, Barclays upped their price target on Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 21st. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $73.84.
Carnival Corp (NYSE CCL) opened at $64.97 on Monday. The stock has a market capitalization of $34,705.13, a P/E ratio of 17.01, a P/E/G ratio of 1.09 and a beta of 0.80. Carnival Corp has a 12-month low of $55.07 and a 12-month high of $72.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14.
Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. equities analysts anticipate that Carnival Corp will post 4.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 annualized dividend and a yield of 2.77%. Carnival’s dividend payout ratio (DPR) is presently 22.28%.
Carnival Company 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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