Signature Estate & Investment Advisors LLC increased its stake in Carnival Corporation (NYSE:CCL) by 4.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 246,804 shares of the company’s stock after buying an additional 11,125 shares during the quarter. Carnival Corporation accounts for approximately 1.8% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 24th largest holding. Signature Estate & Investment Advisors LLC’s holdings in Carnival Corporation were worth $15,936,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Carnival Corporation by 2,540.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock worth $17,046,000 after buying an additional 253,997 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Carnival Corporation by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock worth $43,908,000 after buying an additional 27,330 shares during the last quarter. Homrich & Berg purchased a new position in shares of Carnival Corporation in the 2nd quarter worth about $272,000. Covenant Multifamily Offices LLC boosted its holdings in shares of Carnival Corporation by 2.4% in the 2nd quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock worth $2,618,000 after buying an additional 929 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Carnival Corporation by 14.7% in the 2nd quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock worth $2,265,000 after buying an additional 4,422 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.
In related news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total value of $327,150.00. Following the transaction, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.80% of the stock is currently owned by insiders.
Several equities research analysts have commented on the stock. UBS AG reaffirmed a “buy” rating and set a $76.00 price objective (up from $67.00) on shares of Carnival Corporation in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of Carnival Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub upgraded shares of Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Credit Suisse Group restated a “neutral” rating on shares of Carnival Corporation in a research report on Thursday, September 28th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $73.20 price target on shares of Carnival Corporation in a research report on Monday, July 24th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $67.43.
Carnival Corporation (NYSE CCL) traded up $1.32 during mid-day trading on Tuesday, hitting $65.98. The stock had a trading volume of 2,554,500 shares, compared to its average volume of 3,195,963. Carnival Corporation has a 12-month low of $49.50 and a 12-month high of $69.89. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32. The stock has a market cap of $34,647.16, a PE ratio of 16.75, a P/E/G ratio of 1.32 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the previous year, the firm earned $1.92 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. equities analysts forecast that Carnival Corporation will post 3.7 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.73%. Carnival Corporation’s payout ratio is currently 43.72%.
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About Carnival Corporation
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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