Crossmark Global Holdings Inc. Cuts Holdings in Carnival Corp (CCL)
Crossmark Global Holdings Inc. cut its holdings in shares of Carnival Corp (NYSE:CCL) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,899 shares of the company’s stock after selling 3,838 shares during the period. Crossmark Global Holdings Inc.’s holdings in Carnival were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. National Asset Management Inc. raised its position in shares of Carnival by 10.7% in the 2nd quarter. National Asset Management Inc. now owns 4,329 shares of the company’s stock valued at $284,000 after acquiring an additional 420 shares during the period. Boothbay Fund Management LLC raised its position in shares of Carnival by 6.5% in the 3rd quarter. Boothbay Fund Management LLC now owns 12,888 shares of the company’s stock valued at $832,000 after acquiring an additional 788 shares during the period. Mutual of America Capital Management LLC increased its stake in Carnival by 1.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 51,689 shares of the company’s stock worth $3,338,000 after purchasing an additional 796 shares in the last quarter. HL Financial Services LLC increased its stake in Carnival by 7.9% during the 4th quarter. HL Financial Services LLC now owns 11,465 shares of the company’s stock worth $761,000 after purchasing an additional 840 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its stake in Carnival by 1.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 46,477 shares of the company’s stock worth $3,001,000 after purchasing an additional 878 shares in the last quarter. Institutional investors own 75.07% of the company’s stock.
In related news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were 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 available through this link. Also, CFO David Bernstein sold 2,600 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $69.59, for a total transaction of $180,934.00. Following the completion of the transaction, the chief financial officer now directly owns 34,620 shares of the company’s stock, valued at $2,409,205.80. The disclosure for this sale can be found here. Insiders have sold a total of 313,627 shares of company stock valued at $21,059,647 over the last ninety days. Company insiders own 23.80% of the company’s stock.
Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. equities research analysts predict that Carnival Corp will post 4.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. Carnival’s dividend payout ratio is currently 32.03%.
A number of analysts recently issued reports on CCL shares. Barclays increased their target price on Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 21st. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $65.94 to $68.00 in a research note on Wednesday, December 6th. Zacks Investment Research raised Carnival from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Credit Suisse Group set a $72.00 target price on Carnival and gave the stock a “hold” rating in a research note on Tuesday, December 12th. Finally, Tigress Financial reissued a “buy” rating on shares of Carnival in a research note on Friday, December 22nd. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $73.45.
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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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