Riverview Trust Co decreased its holdings in Carnival Corp (NYSE:CCL) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,068 shares of the company’s stock after selling 218 shares during the period. Riverview Trust Co’s holdings in Carnival were worth $105,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nuveen Asset Management LLC increased its holdings in Carnival by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 34,308 shares of the company’s stock worth $1,691,000 after purchasing an additional 179 shares during the period. Wetherby Asset Management Inc. increased its holdings in Carnival by 2.9% during the 4th quarter. Wetherby Asset Management Inc. now owns 6,526 shares of the company’s stock worth $322,000 after purchasing an additional 184 shares during the period. New Potomac Partners LLC increased its holdings in Carnival by 0.7% during the 4th quarter. New Potomac Partners LLC now owns 30,530 shares of the company’s stock worth $1,505,000 after purchasing an additional 200 shares during the period. Hanson McClain Inc. boosted its position in Carnival by 16.4% during the 4th quarter. Hanson McClain Inc. now owns 1,424 shares of the company’s stock valued at $70,000 after acquiring an additional 201 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC boosted its position in Carnival by 0.8% during the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 31,782 shares of the company’s stock valued at $1,567,000 after acquiring an additional 250 shares in the last quarter. 76.54% of the stock is owned by institutional investors.

In other Carnival news, General Counsel Arnaldo Perez sold 2,290 shares of the business’s stock in a transaction that occurred on Friday, January 11th. The stock was 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 SEC, which is available at this hyperlink. Also, CEO Stein Kruse sold 32,163 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $57.08, for a total value of $1,835,864.04. Following the completion of the sale, the chief executive officer now directly owns 92,198 shares in the company, valued at approximately $5,262,661.84. The disclosure for this sale can be found here. Insiders sold 71,792 shares of company stock worth $4,053,366 over the last quarter. 24.10% of the stock is currently owned by insiders.

CCL stock opened at $51.90 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.22. Carnival Corp has a 12-month low of $45.64 and a 12-month high of $67.69. The stock has a market capitalization of $27.35 billion, a P/E ratio of 12.18, a PEG ratio of 1.07 and a beta of 1.24.

Carnival (NYSE:CCL) last posted its quarterly earnings data 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 revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. As a group, analysts expect that Carnival Corp will post 4.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Thursday, February 21st. Carnival’s dividend payout ratio is presently 46.95%.

Several analysts have issued reports on the company. Zacks Investment Research raised Carnival from a “sell” rating to a “hold” rating in a research report on Wednesday, December 19th. Wolfe Research set a $73.00 price objective on Carnival and gave the stock a “buy” rating in a research report on Tuesday, December 11th. Standpoint Research began coverage on Carnival in a research report on Wednesday, December 26th. They issued an “accumulate” rating for the company. Goldman Sachs Group raised Carnival from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $63.00 to $65.00 in a research report on Wednesday, March 13th. Finally, Buckingham Research lowered their price objective on Carnival from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Carnival currently has an average rating of “Buy” and an average price target of $67.39.

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About Carnival

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.

Featured Story: Institutional Investors

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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