Stifel Financial Corp Has $42.86 Million Holdings in Carnival Corporation (CCL)
Stifel Financial Corp cut its stake in Carnival Corporation (NYSE:CCL) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 664,092 shares of the company’s stock after selling 50,772 shares during the quarter. Stifel Financial Corp owned approximately 0.12% of Carnival worth $42,859,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Carnival by 3.3% in the second quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock valued at $1,896,255,000 after acquiring an additional 934,311 shares during the period. BlackRock Inc. increased its position in shares of Carnival by 2.0% in the second quarter. BlackRock Inc. now owns 28,469,248 shares of the company’s stock valued at $1,866,728,000 after buying an additional 550,116 shares in the last quarter. Investec Asset Management LTD increased its position in shares of Carnival by 6.5% in the second quarter. Investec Asset Management LTD now owns 4,961,591 shares of the company’s stock valued at $325,332,000 after buying an additional 303,161 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Carnival by 316.9% in the second quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock valued at $277,772,000 after buying an additional 3,220,191 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Carnival by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock valued at $202,067,000 after buying an additional 119,107 shares in the last quarter. 75.94% of the stock is owned by institutional investors.
Carnival Corporation (NYSE:CCL) opened at $66.00 on Monday. Carnival Corporation has a 12 month low of $49.84 and a 12 month high of $69.89. The company has a market capitalization of $35,365.18, a price-to-earnings ratio of 17.10, a PEG ratio of 1.18 and a beta of 0.73. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32.
Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. Carnival had a return on equity of 12.15% and a net margin of 15.53%. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the company posted $1.92 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. sell-side analysts expect that Carnival Corporation will post 3.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.45 per share. This is a positive change from Carnival’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.80 annualized dividend and a yield of 2.73%. Carnival’s dividend payout ratio is presently 43.72%.
In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the sale, the chief executive officer now owns 115,572 shares in the company, valued at approximately $7,561,875.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $67.41, for a total value of $6,127,771.23. The disclosure for this sale can be found here. 23.80% of the stock is currently owned by corporate insiders.
A number of research firms have recently commented on CCL. Zacks Investment Research upgraded Carnival from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Tuesday, September 5th. UBS reiterated a “buy” rating and set a $76.00 price target (up from $67.00) on shares of Carnival in a research report on Thursday, August 17th. Credit Suisse Group cut Carnival from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $78.00 to $70.00 in a research report on Friday, September 15th. Goldman Sachs Group reiterated a “neutral” rating on shares of Carnival in a research report on Tuesday, August 15th. Finally, BidaskClub upgraded Carnival from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $67.71.
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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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