Carnival Corporation (CCL) Shares Bought by ARP Americas LLC
ARP Americas LLC grew its position in shares of Carnival Corporation (NYSE:CCL) by 14.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,547 shares of the company’s stock after acquiring an additional 1,100 shares during the period. ARP Americas LLC’s holdings in Carnival Corporation were worth $552,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CCL. Almanack Investment Partners LLC. purchased a new position in shares of Carnival Corporation during the 2nd quarter worth approximately $117,000. Bessemer Group Inc. grew its stake in shares of Carnival Corporation by 109.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Carnival Corporation by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after buying an additional 40 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Carnival Corporation by 8.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,888 shares of the company’s stock worth $193,000 after buying an additional 214 shares during the last quarter. Finally, Sun Life Financial INC grew its stake in shares of Carnival Corporation by 23,315.4% in the 2nd quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock worth $200,000 after buying an additional 3,031 shares during the last quarter. Hedge funds and other institutional investors own 77.87% of the company’s stock.
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In other news, CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction on Monday, October 16th. The shares were 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 can be accessed through the SEC website. 23.80% of the stock is owned by insiders.
Several analysts recently weighed in on the company. 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. 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. Credit Suisse Group restated a “neutral” rating on shares of Carnival Corporation in a research note on Thursday, September 28th. Argus restated a “neutral” rating and issued a $67.00 price target (down previously from $78.00) on shares of Carnival Corporation in a research note on Thursday, September 28th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $61.00 price target (down previously from $62.00) on shares of Carnival Corporation in a research note on Wednesday, September 27th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $67.43.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.76%. Carnival Corporation’s payout ratio is 43.72%.
Carnival Corporation 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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