MetLife Investment Advisors LLC bought a new position in Carnival Corp (NYSE:CCL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 126,185 shares of the company’s stock, valued at approximately $8,375,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gotham Asset Management LLC purchased a new position in Carnival in the fourth quarter valued at approximately $30,701,000. BB&T Securities LLC lifted its stake in Carnival by 15.9% in the fourth quarter. BB&T Securities LLC now owns 13,168 shares of the company’s stock valued at $874,000 after purchasing an additional 1,807 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Carnival by 39.3% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 28,160 shares of the company’s stock valued at $1,869,000 after purchasing an additional 7,950 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in Carnival by 7.3% in the fourth quarter. Vident Investment Advisory LLC now owns 49,893 shares of the company’s stock valued at $3,311,000 after purchasing an additional 3,416 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in Carnival by 28.7% in the fourth quarter. Lido Advisors LLC now owns 4,847 shares of the company’s stock valued at $321,000 after purchasing an additional 1,080 shares during the last quarter. Hedge funds and other institutional investors own 76.72% of the company’s stock.

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CCL has been the topic of several research analyst reports. Zacks Investment Research downgraded Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Morgan Stanley upgraded Carnival from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $65.94 to $68.00 in a research note on Wednesday, December 6th. Credit Suisse Group set a $72.00 price objective on Carnival and gave the company a “hold” rating in a research note on Tuesday, December 12th. SunTrust Banks reiterated a “buy” rating and issued a $84.00 price objective (up previously from $72.00) on shares of Carnival in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price objective on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Carnival has a consensus rating of “Buy” and an average price target of $73.90.

In other news, CEO Arnold W. Donald sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $68.00, for a total value of $204,000.00. Following the transaction, the chief executive officer now owns 132,376 shares of the company’s stock, valued at $9,001,568. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David Bernstein sold 2,600 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $69.59, for a total transaction of $180,934.00. Following the completion of the transaction, the chief financial officer now directly owns 34,620 shares in the company, valued at approximately $2,409,205.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 333,364 shares of company stock worth $22,422,561. Insiders own 23.80% of the company’s stock.

Carnival stock opened at $67.06 on Thursday. The firm has a market cap of $36,243.54, a price-to-earnings ratio of 18.68, a PEG ratio of 1.11 and a beta of 0.80. Carnival Corp has a 1-year low of $57.09 and a 1-year high of $72.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. 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 $0.67 earnings per share. research analysts expect that Carnival Corp will post 4.3 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were issued a $0.45 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. Carnival’s payout ratio is currently 22.28%.

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About Carnival

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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