Wealthsource Partners LLC Takes Position in Carnival Corp (CCL)
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.
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.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/wealthsource-partners-llc-takes-position-in-carnival-corp-ccl/2670985.html.
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.
Featured Story: What is a Leveraged Buyout (LBO)?
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp (NYSE:CCL).
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.