Yellowstone Partners LLC bought a new stake in Carnival Corporation (NYSE:CCL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,623 shares of the company’s stock, valued at approximately $751,000.

A number of other hedge funds have also recently made changes to their positions in CCL. Alliancebernstein L.P. raised its stake in Carnival by 316.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock valued at $277,772,000 after purchasing an additional 3,220,191 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Carnival by 115.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock valued at $202,505,000 after buying an additional 1,655,345 shares during the period. Numeric Investors LLC grew its holdings in Carnival by 160.4% in the 2nd quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after buying an additional 1,488,366 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Carnival by 4,220.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,496,929 shares of the company’s stock valued at $98,154,000 after buying an additional 1,462,278 shares during the period. Finally, Capital Growth Management LP purchased a new stake in Carnival in the 3rd quarter valued at about $65,539,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

CCL has been the subject of several recent analyst reports. Goldman Sachs Group restated a “neutral” rating on shares of Carnival in a report on Tuesday, August 15th. UBS restated a “buy” rating and issued a $76.00 price target (up previously from $67.00) on shares of Carnival in a report on Thursday, August 17th. BidaskClub upgraded Carnival from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Carnival from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Tuesday, August 22nd. Finally, Credit Suisse Group cut Carnival from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $78.00 to $70.00 in a report on Friday, September 15th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $67.84.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $65.57, for a total value of $327,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction that occurred on 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. Insiders have sold a total of 100,903 shares of company stock valued at $6,782,771 in the last quarter. Company insiders own 23.80% of the company’s stock.

Shares of Carnival Corporation (NYSE CCL) opened at $66.55 on Wednesday. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32. Carnival Corporation has a fifty-two week low of $50.77 and a fifty-two week high of $69.89. The stock has a market capitalization of $35,917.09, a PE ratio of 17.36, a PEG ratio of 1.20 and a beta of 0.73.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. research analysts expect that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from Carnival’s previous quarterly dividend of $0.40. Carnival’s payout ratio is presently 43.72%.

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Carnival Company Profile

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.

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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