Carnival Corporation (CCL) Stake Lifted by Financial Counselors Inc.
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.
TRADEMARK VIOLATION WARNING: This report was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/carnival-corporation-ccl-stake-lifted-by-financial-counselors-inc/1745182.html.
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.
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL).
Receive News & Ratings for Carnival Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.