Commonwealth Equity Services Inc Reduces Position in Carnival Corporation (CCL)
Commonwealth Equity Services Inc reduced its holdings in Carnival Corporation (NYSE:CCL) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,273 shares of the company’s stock after selling 1,972 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Carnival Corporation were worth $2,148,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pathstone Family Office LLC increased its position in shares of Carnival Corporation 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 increased its position in shares of Carnival Corporation by 1.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after acquiring an additional 40 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its position in shares of Carnival Corporation 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 worth $878,000 after acquiring an additional 65 shares in the last quarter. Scotia Capital Inc. increased its position in shares of Carnival Corporation by 0.4% in the second quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock worth $1,089,000 after acquiring an additional 71 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Carnival Corporation by 1.7% in the second quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.
In other Carnival Corporation news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total value of $327,150.00. Following the completion of the sale, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at $7,561,875.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.80% of the company’s stock.
CCL has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded shares of Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Carnival Corporation in a research report on Tuesday, August 15th. Finally, UBS Group AG reissued a “buy” rating and issued a $76.00 target price (up from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $67.71.
Shares of Carnival Corporation (CCL) opened at $66.79 on Thursday. 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 company has a market cap of $47,790.00, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74. Carnival Corporation has a 1 year low of $49.73 and a 1 year high of $69.89.
Carnival Corporation (NYSE:CCL) last posted its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 earnings per share. sell-side analysts predict that Carnival Corporation will post 3.7 EPS for the current fiscal 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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.70%. This is an increase from Carnival Corporation’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. Carnival Corporation’s payout ratio is currently 43.60%.
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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