Financial Counselors Inc. raised its position in Carnival Corporation (NYSE:CCL) by 38.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,826 shares of the company’s stock after acquiring an additional 23,973 shares during the quarter. Financial Counselors Inc.’s holdings in Carnival were worth $5,542,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pathstone Family Office LLC increased its holdings in shares of Carnival by 200.0% in the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after acquiring an additional 38 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in Carnival by 1.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after purchasing an additional 40 shares in the last quarter. Security National Bank of Sioux City Iowa IA lifted its position in shares of Carnival by 0.5% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock valued at $878,000 after buying an additional 65 shares during the last quarter. Scotia Capital Inc. grew its position in Carnival by 0.4% during the 2nd quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock worth $1,089,000 after acquiring an additional 71 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Carnival by 1.7% during the 2nd quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after acquiring an additional 75 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total value of $327,150.00. Following the transaction, the chief executive officer now owns 115,572 shares of the company’s stock, valued at $7,561,875.96. The disclosure for this sale can be found here. Insiders own 23.80% of the company’s stock.

Shares of Carnival Corporation (CCL) traded up $1.25 during trading hours on Tuesday, reaching $67.25. 4,100,500 shares of the company’s stock traded hands, compared to its average volume of 3,166,712. Carnival Corporation has a one year low of $50.77 and a one year high of $69.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16. The firm has a market capitalization of $35,365.18, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. equities research analysts anticipate that Carnival Corporation will post 3.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, November 22nd. This is a boost from Carnival’s previous quarterly dividend of $0.40. Carnival’s payout ratio is 43.72%.

CCL has been the subject of several research reports. Zacks Investment Research raised Carnival from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Tuesday, August 22nd. UBS reissued a “buy” rating and set a $76.00 price objective (up previously from $67.00) on shares of Carnival in a research report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and set a $79.00 target price (up previously from $74.00) on shares of Carnival in a research note on Wednesday, September 27th. Nomura reiterated a “buy” rating and issued a $75.00 price target on shares of Carnival in a research note on Friday, September 29th. Finally, Instinet restated a “buy” rating and set a $75.00 target price on shares of Carnival in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.71.

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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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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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