Assetmark Inc. increased its position in shares of Carnival Corporation (NYSE:CCL) by 24,313.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,400 shares of the company’s stock after purchasing an additional 87,042 shares during the period. Assetmark Inc.’s holdings in Carnival Corporation were worth $5,643,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCL. Alliancebernstein L.P. raised its holdings in Carnival Corporation by 316.9% during the second quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock worth $277,772,000 after purchasing an additional 3,220,191 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Carnival Corporation by 115.5% in the second quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock valued at $202,505,000 after purchasing an additional 1,655,345 shares during the last quarter. Numeric Investors LLC grew its position in shares of Carnival Corporation by 160.4% in the second quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after purchasing an additional 1,488,366 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Carnival Corporation by 4,220.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,496,929 shares of the company’s stock valued at $98,154,000 after purchasing an additional 1,462,278 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Carnival Corporation by 657.0% in the second quarter. Acadian Asset Management LLC now owns 1,252,031 shares of the company’s stock valued at $82,095,000 after purchasing an additional 1,086,627 shares during the last quarter. 76.71% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Arnold W. Donald sold 5,000 shares of Carnival Corporation stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $65.43, for a total value of $327,150.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Arnold W. Donald sold 90,903 shares of Carnival Corporation stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $67.41, for a total transaction of $6,127,771.23. The disclosure for this sale can be found here. Insiders own 23.80% of the company’s stock.
Shares of Carnival Corporation (NYSE CCL) traded up $0.24 during mid-day trading on Thursday, hitting $66.79. 1,658,526 shares of the stock were exchanged, compared to its average volume of 3,159,821. Carnival Corporation has a fifty-two week low of $49.73 and a fifty-two week high of $69.89. The stock has a market cap of $47,790.00, a P/E ratio of 17.36, a PEG ratio of 1.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.21.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The firm had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. equities analysts forecast that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.45 per share. This is an increase from Carnival Corporation’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. This represents a $1.80 annualized dividend and a yield of 2.70%. Carnival Corporation’s payout ratio is 43.60%.
Several research firms have recently commented on CCL. Zacks Investment Research upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Tuesday, September 5th. UBS Group AG reiterated a “buy” rating and issued a $76.00 price target (up from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Credit Suisse Group lowered shares of Carnival Corporation from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $78.00 to $70.00 in a research report on Friday, September 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Carnival Corporation in a research report on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $67.71.
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Carnival Corporation 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.
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