Gulf International Bank UK Ltd grew its stake in Carnival Corp (NYSE:CCL) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,339 shares of the company’s stock after buying an additional 450 shares during the period. Gulf International Bank UK Ltd’s holdings in Carnival were worth $5,241,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nuveen Asset Management LLC boosted its stake in shares of Carnival by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 34,308 shares of the company’s stock valued at $1,691,000 after purchasing an additional 179 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Carnival by 2.9% in the 4th quarter. Wetherby Asset Management Inc. now owns 6,526 shares of the company’s stock valued at $322,000 after purchasing an additional 184 shares in the last quarter. New Potomac Partners LLC boosted its stake in shares of Carnival by 0.7% in the 4th quarter. New Potomac Partners LLC now owns 30,530 shares of the company’s stock valued at $1,505,000 after purchasing an additional 200 shares in the last quarter. Hanson McClain Inc. boosted its stake in shares of Carnival by 16.4% in the 4th quarter. Hanson McClain Inc. now owns 1,424 shares of the company’s stock valued at $70,000 after purchasing an additional 201 shares in the last quarter. Finally, Tealwood Asset Management Inc. boosted its stake in shares of Carnival by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 54,965 shares of the company’s stock valued at $2,788,000 after purchasing an additional 219 shares in the last quarter. 76.56% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CCL opened at $53.63 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.22 and a quick ratio of 0.17. Carnival Corp has a 12 month low of $45.64 and a 12 month high of $67.69. The firm has a market capitalization of $28.26 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.08 and a beta of 1.23.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Carnival had a net margin of 16.03% and a return on equity of 12.30%. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts expect that Carnival Corp will post 4.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.00 annualized dividend and a yield of 3.73%. Carnival’s dividend payout ratio (DPR) is presently 46.95%.

A number of equities research analysts have recently issued reports on the stock. Buckingham Research cut shares of Carnival from a “buy” rating to a “neutral” rating and cut their price objective for the company from $65.00 to $54.00 in a research note on Monday, April 15th. Zacks Investment Research raised shares of Carnival from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Nomura cut their price objective on shares of Carnival from $66.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Deutsche Bank reiterated a “hold” rating and set a $59.00 price target on shares of Carnival in a report on Wednesday, March 27th. Finally, ValuEngine lowered shares of Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $66.70.

In other Carnival news, CEO Stein Kruse sold 32,163 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $57.08, for a total value of $1,835,864.04. Following the completion of the transaction, the chief executive officer now directly owns 92,198 shares in the company, valued at approximately $5,262,661.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Bernstein sold 24,682 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $57.08, for a total transaction of $1,408,848.56. Following the completion of the transaction, the chief financial officer now owns 70,362 shares of the company’s stock, valued at $4,016,262.96. The disclosure for this sale can be found here. Insiders sold a total of 62,536 shares of company stock valued at $3,569,555 over the last 90 days. Company insiders own 24.10% of the company’s stock.

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About Carnival

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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