Hall Laurie J Trustee maintained its position in Carnival Corp (NYSE:CCL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,450 shares of the company’s stock at the end of the first quarter. Hall Laurie J Trustee’s holdings in Carnival Corp were worth $203,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Carnival Corp during the fourth quarter valued at approximately $222,852,000. Capital World Investors boosted its position in Carnival Corp by 1,172.4% in the third quarter. Capital World Investors now owns 3,690,000 shares of the company’s stock valued at $180,146,000 after buying an additional 3,400,000 shares during the period. Henderson Group PLC boosted its position in Carnival Corp by 235.5% in the third quarter. Henderson Group PLC now owns 3,355,451 shares of the company’s stock valued at $163,796,000 after buying an additional 2,355,220 shares during the period. Russell Investments Group Ltd. purchased a new position in Carnival Corp during the fourth quarter valued at approximately $78,979,000. Finally, Investec Asset Management LTD boosted its position in Carnival Corp by 44.5% in the fourth quarter. Investec Asset Management LTD now owns 4,708,302 shares of the company’s stock valued at $245,114,000 after buying an additional 1,449,738 shares during the period. Institutional investors own 79.45% of the company’s stock.
Carnival Corp (NYSE:CCL) traded down 0.07% during mid-day trading on Thursday, reaching $57.69. 1,785,326 shares of the company traded hands. The stock has a market capitalization of $41.88 billion, a PE ratio of 14.22 and a beta of 0.73. Carnival Corp has a 52-week low of $42.94 and a 52-week high of $60.24. The firm’s 50-day moving average is $57.48 and its 200 day moving average is $53.11.
Carnival Corp (NYSE:CCL) last released its quarterly earnings results on Tuesday, March 28th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The business earned $3.79 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company earned $0.39 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Carnival Corp will post $3.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.77%. This is an increase from Carnival Corp’s previous quarterly dividend of $0.35. Carnival Corp’s dividend payout ratio (DPR) is presently 37.43%.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Carnival Corp from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Wells Fargo & Co upgraded shares of Carnival Corp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 21st. William Blair upgraded shares of Carnival Corp from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. Goldman Sachs Group Inc assumed coverage on shares of Carnival Corp in a research report on Thursday, December 15th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus boosted their price objective on shares of Carnival Corp from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $57.17.
In other news, Director Sir Jonathon Band sold 6,276 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $53.48, for a total transaction of $335,640.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Arnold W. Donald sold 32,049 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $55.88, for a total transaction of $1,790,898.12. Following the sale, the chief executive officer now directly owns 599,913 shares of the company’s stock, valued at approximately $33,523,138.44. The disclosure for this sale can be found here. Insiders have sold 165,468 shares of company stock valued at $9,055,633 in the last three months. Corporate insiders own 22.00% of the company’s stock.
About Carnival Corp
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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