Carnival Corp (CCL) Shares Bought by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC grew its stake in Carnival Corp (NYSE:CCL) by 99.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,037 shares of the company’s stock after purchasing an additional 5,987 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Carnival were worth $768,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of CCL. Moneta Group Investment Advisors LLC grew its stake in shares of Carnival by 213.9% in the second quarter. Moneta Group Investment Advisors LLC now owns 12,557 shares of the company’s stock valued at $102,000 after acquiring an additional 8,557 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Carnival in the second quarter valued at about $124,000. Mainstay Capital Management LLC ADV grew its stake in shares of Carnival by 1,262.1% in the second quarter. Mainstay Capital Management LLC ADV now owns 6,320 shares of the company’s stock valued at $125,000 after acquiring an additional 5,856 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Carnival by 202.9% in the third quarter. Bessemer Group Inc. now owns 2,096 shares of the company’s stock valued at $134,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Girard Partners LTD. acquired a new position in shares of Carnival in the third quarter valued at about $148,000. 75.89% of the stock is currently owned by institutional investors.
In other Carnival news, General Counsel Arnaldo Perez sold 7,000 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $64.26, for a total transaction of $449,820.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.80% of the company’s stock.
Carnival (NYSE:CCL) last announced its quarterly earnings data on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.04. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.80 billion. Carnival had a net margin of 17.15% and a return on equity of 12.30%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. On average, analysts predict that Carnival Corp will post 4.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.43%. Carnival’s payout ratio is 52.36%.
CCL has been the topic of several research reports. Credit Suisse Group set a $75.00 price target on shares of Carnival and gave the company a “buy” rating in a research note on Thursday, September 13th. Zacks Investment Research downgraded shares of Carnival from a “hold” rating to a “sell” rating in a research note on Monday, August 27th. Buckingham Research upped their price target on shares of Carnival from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, September 28th. Goldman Sachs Group set a $70.00 price target on shares of Carnival and gave the company a “hold” rating in a research note on Monday, September 24th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Carnival in a research note on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $72.93.
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Carnival Company Profile
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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