Teachers Retirement System of The State of Kentucky boosted its holdings in Carnival Corp (NYSE:CCL) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 424,000 shares of the company’s stock after acquiring an additional 6,200 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.08% of Carnival worth $28,141,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new position in shares of Carnival during the 4th quarter worth approximately $123,000. Grove Bank & Trust lifted its position in shares of Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after buying an additional 1,600 shares in the last quarter. Focused Wealth Management Inc bought a new position in shares of Carnival during the 4th quarter worth approximately $133,000. Avestar Capital LLC bought a new position in shares of Carnival during the 4th quarter worth approximately $148,000. Finally, Delpha Capital Management LLC bought a new stake in shares of Carnival in the 4th quarter worth approximately $173,000. 76.74% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on CCL. Morgan Stanley lifted their price target on shares of Carnival from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. ValuEngine raised shares of Carnival from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank lifted their price target on shares of Carnival to $70.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Credit Suisse Group set a $80.00 price target on shares of Carnival and gave the stock a “buy” rating in a report on Sunday, February 25th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $84.00 price target (up previously from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Seven investment 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 presently has a consensus rating of “Buy” and an average target price of $73.84.
Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. Carnival’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. equities analysts predict that Carnival Corp will post 4.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.67%. Carnival’s dividend payout ratio (DPR) is currently 22.28%.
In other news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $66.41, for a total transaction of $332,050.00. Following the completion of the transaction, the chief executive officer now directly owns 132,376 shares in the company, valued at approximately $8,791,090.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Arnaldo Perez sold 8,567 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $68.73, for a total transaction of $588,809.91. Following the transaction, the general counsel now owns 32,365 shares of the company’s stock, valued at $2,224,446.45. The disclosure for this sale can be found here. Insiders have sold a total of 336,364 shares of company stock valued at $22,626,561 over the last 90 days. Company insiders own 23.80% of the company’s stock.
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.
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp (NYSE:CCL).
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.