Wealthsource Partners LLC purchased a new stake in shares of Carnival Corp (NYSE:CCL) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 3,196 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in Carnival by 213.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 12,557 shares of the company’s stock valued at $102,000 after purchasing an additional 8,557 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Carnival during the 2nd quarter valued at $124,000. Mainstay Capital Management LLC ADV boosted its stake in Carnival by 1,262.1% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,320 shares of the company’s stock valued at $125,000 after purchasing an additional 5,856 shares in the last quarter. Bessemer Group Inc. boosted its stake in Carnival by 202.9% during the 3rd quarter. Bessemer Group Inc. now owns 2,096 shares of the company’s stock valued at $134,000 after purchasing an additional 1,404 shares in the last quarter. Finally, Girard Partners LTD. bought a new position in Carnival during the 3rd quarter valued at $148,000. 75.89% of the stock is owned by hedge funds and other institutional investors.

NYSE:CCL opened at $56.73 on Friday. Carnival Corp has a 1 year low of $53.47 and a 1 year high of $72.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.22 and a quick ratio of 0.17. The company has a market capitalization of $31.03 billion, a PE ratio of 14.85, a PEG ratio of 0.90 and a beta of 1.02.

Carnival (NYSE:CCL) last posted its earnings results on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.04. Carnival had a net margin of 17.15% and a return on equity of 12.30%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. Carnival’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carnival Corp will post 4.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, November 21st. Carnival’s dividend payout ratio is currently 52.36%.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Carnival from a “hold” rating to a “sell” rating in a research note on Monday, December 3rd. Credit Suisse Group set a $76.00 price target on Carnival and gave the company a “buy” rating in a research note on Tuesday, November 20th. ValuEngine raised Carnival from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Carnival in a research report on Thursday, October 11th. Finally, Macquarie set a $55.00 target price on Carnival and gave the company a “sell” rating in a report on Friday, September 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.93.

In related news, General Counsel Arnaldo Perez sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $64.26, for a total value of $449,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.80% of the company’s stock.

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Carnival Company Profile

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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