First Quadrant L P CA Buys Shares of 114,370 Carnival Corporation (CCL)
First Quadrant L P CA bought a new stake in shares of Carnival Corporation (NYSE:CCL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 114,370 shares of the company’s stock, valued at approximately $7,385,000.
Several other institutional investors have also made changes to their positions in CCL. Assenagon Asset Management S.A. increased its holdings in 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 acquiring an additional 253,997 shares during the last quarter. Prudential Financial Inc. increased its holdings in 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 acquiring an additional 27,330 shares during the last quarter. Homrich & Berg purchased a new stake in Carnival Corporation in the 2nd quarter worth about $272,000. Covenant Multifamily Offices LLC increased its holdings in 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 acquiring an additional 929 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in 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 acquiring an additional 4,422 shares during the last quarter. 77.87% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. Nomura reissued a “buy” rating and issued a $75.00 price objective on shares of Carnival Corporation in a report on Friday, September 29th. Instinet reissued a “buy” rating and issued a $75.00 price objective on shares of Carnival Corporation in a report on Monday, October 2nd. Argus reissued a “neutral” rating and issued a $67.00 price objective (down previously from $78.00) on shares of Carnival Corporation in a report on Thursday, September 28th. Credit Suisse Group reissued a “neutral” rating on shares of Carnival Corporation in a report on Thursday, September 28th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $79.00 price objective (up previously from $74.00) on shares of Carnival Corporation in a report on Wednesday, September 27th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.43.
In related news, CEO Arnold W. Donald sold 90,903 shares of the firm’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 transaction of $6,127,771.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.80% of the stock is currently owned by company insiders.
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Carnival Corporation (CCL) opened at 66.39 on Wednesday. Carnival Corporation has a 52 week low of $48.00 and a 52 week high of $69.89. The stock has a market capitalization of $47.87 billion, a PE ratio of 18.06 and a beta of 0.71. The firm has a 50-day moving average price of $66.04 and a 200-day moving average price of $65.27.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. The business had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.92 EPS. Equities research analysts predict that Carnival Corporation will post $3.69 EPS for the current fiscal 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 paid a dividend of $0.45 per share. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, November 22nd. Carnival Corporation’s dividend payout ratio (DPR) is currently 43.72%.
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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