Carnival Corporation (CCL) Holdings Decreased by Cullen Frost Bankers Inc.
Cullen Frost Bankers Inc. decreased its stake in shares of Carnival Corporation (NYSE:CCL) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 256,123 shares of the company’s stock after selling 5,280 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Carnival Corporation were worth $16,538,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. State of Wisconsin Investment Board increased its position in shares of Carnival Corporation by 188.5% during the 3rd quarter. State of Wisconsin Investment Board now owns 526,536 shares of the company’s stock worth $33,998,000 after purchasing an additional 344,051 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Carnival Corporation by 1.6% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 57,475 shares of the company’s stock worth $3,711,000 after acquiring an additional 900 shares during the period. Stevens Capital Management LP bought a new position in shares of Carnival Corporation during the 3rd quarter worth approximately $6,792,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Carnival Corporation by 3.5% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 52,626 shares of the company’s stock worth $3,398,000 after acquiring an additional 1,785 shares during the period. Finally, BT Investment Management Ltd bought a new position in shares of Carnival Corporation during the 3rd quarter worth approximately $4,021,000. 77.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Carnival Corporation (NYSE CCL) traded up $0.24 during mid-day trading on Tuesday, hitting $65.67. The stock had a trading volume of 2,833,089 shares, compared to its average volume of 3,290,000. The firm has a market capitalization of $47,480.00, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.34 and a beta of 0.74. 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 has a 12 month low of $48.36 and a 12 month high of $69.89.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, beating the 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. equities analysts forecast that Carnival Corporation will post 3.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.45 per share. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.74%. Carnival Corporation’s dividend payout ratio is presently 43.60%.
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In related news, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $67.41, for a total transaction of $6,127,771.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.80% of the stock is owned by corporate insiders.
CCL has been the subject of several research analyst reports. Zacks Investment Research downgraded Carnival Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Credit Suisse Group downgraded Carnival Corporation from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $78.00 to $70.00 in a research note on Friday, September 15th. Instinet restated a “buy” rating and issued a $75.00 price target on shares of Carnival Corporation in a research note on Monday, October 2nd. Susquehanna Bancshares Inc boosted their price target 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 restated a “buy” rating and issued a $75.00 price target on shares of Carnival Corporation in a research note on Friday, September 29th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.43.
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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