Todd Asset Management LLC boosted its stake in Carnival Corp (NYSE:CCL) by 10.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 635,629 shares of the company’s stock after purchasing an additional 57,948 shares during the period. Todd Asset Management LLC’s holdings in Carnival were worth $32,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in Carnival by 6.7% in the third quarter. Legal & General Group Plc now owns 2,195,258 shares of the company’s stock valued at $140,006,000 after acquiring an additional 137,607 shares in the last quarter. Morgan Stanley raised its holdings in Carnival by 8.5% in the third quarter. Morgan Stanley now owns 1,919,129 shares of the company’s stock valued at $122,382,000 after acquiring an additional 150,791 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Carnival by 8.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 101,153 shares of the company’s stock valued at $4,987,000 after acquiring an additional 7,925 shares in the last quarter. Intact Investment Management Inc. raised its holdings in Carnival by 42.2% in the fourth quarter. Intact Investment Management Inc. now owns 98,700 shares of the company’s stock valued at $4,867,000 after acquiring an additional 29,300 shares in the last quarter. Finally, BB&T Corp raised its holdings in Carnival by 19.5% in the fourth quarter. BB&T Corp now owns 118,350 shares of the company’s stock valued at $5,834,000 after acquiring an additional 19,302 shares in the last quarter. 76.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. Nomura cut their price objective on shares of Carnival from $66.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Buckingham Research cut their price objective on shares of Carnival from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Goldman Sachs Group raised shares of Carnival from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $63.00 to $65.00 in a report on Wednesday, March 13th. Standpoint Research cut shares of Carnival from a “buy” rating to a “hold” rating and set a $57.16 price objective on the stock. in a report on Wednesday, January 30th. Finally, ValuEngine raised shares of Carnival from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $66.70.

Shares of Carnival stock traded up $0.42 during trading on Tuesday, reaching $52.81. The company’s stock had a trading volume of 1,021,516 shares, compared to its average volume of 3,980,067. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.13 and a beta of 1.25. Carnival Corp has a fifty-two week low of $45.64 and a fifty-two week high of $67.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.22 and a quick ratio of 0.17.

Carnival (NYSE:CCL) last announced its earnings results on Tuesday, March 26th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Carnival had a net margin of 16.03% and a return on equity of 12.30%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. Analysts anticipate that Carnival Corp will post 4.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.79%. Carnival’s payout ratio is 46.95%.

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Carnival Company Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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