Sigma Planning Corp raised its holdings in Carnival Corp (NYSE:CCL) by 7.6% during the 4th quarter, HoldingsChannel reports. The firm owned 12,934 shares of the company’s stock after purchasing an additional 911 shares during the quarter. Sigma Planning Corp’s holdings in Carnival were worth $858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CCL. SeaCrest Wealth Management LLC purchased a new stake in shares of Carnival in the fourth quarter valued at about $123,000. Grove Bank & Trust lifted its stake in shares of Carnival by 367.8% during the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after buying an additional 1,600 shares during the period. Smithfield Trust Co. lifted its stake in shares of Carnival by 826.2% during the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after buying an additional 2,520 shares during the period. Nine Chapters Capital Management LLC purchased a new position in shares of Carnival during the third quarter valued at approximately $200,000. Finally, Clarus Wealth Advisors purchased a new position in shares of Carnival during the fourth quarter valued at approximately $218,000. 75.07% of the stock is currently owned by institutional investors.

In related news, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $65.57, for a total transaction of $327,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Bernstein sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $66.50, for a total transaction of $731,500.00. Following the transaction, the chief financial officer now directly owns 30,443 shares of the company’s stock, valued at approximately $2,024,459.50. The disclosure for this sale can be found here. Insiders have sold 313,627 shares of company stock valued at $21,059,647 in the last ninety days. 23.80% of the stock is currently owned by company insiders.

Several brokerages recently issued reports on CCL. Credit Suisse Group upped their price objective on shares of Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a research note on Thursday, January 25th. ValuEngine raised shares of Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley upped their price objective on shares of Carnival from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Buckingham Research reissued a “buy” rating and set a $84.00 price objective (up previously from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus upped their price objective on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $73.82.

Carnival Corp (CCL) opened at $67.84 on Wednesday. Carnival Corp has a 52-week low of $54.75 and a 52-week high of $72.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. The company has a market cap of $36,734.98, a P/E ratio of 19.15, a P/E/G ratio of 1.15 and a beta of 0.75.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business posted $0.67 earnings per share. Carnival’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities research analysts expect that Carnival Corp will post 4.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is 32.03%.

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Carnival 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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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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