Cornerstone Capital Management Holdings LLC. grew its position in shares of Carnival Corp (NYSE:CCL) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 475,572 shares of the company’s stock after buying an additional 19,789 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.09% of Carnival worth $31,562,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Boothbay Fund Management LLC increased its position in shares of Carnival by 6.5% in the third quarter. Boothbay Fund Management LLC now owns 12,888 shares of the company’s stock worth $832,000 after purchasing an additional 788 shares during the period. Global X Management Co. LLC increased its position in shares of Carnival by 11.0% in the fourth quarter. Global X Management Co. LLC now owns 8,385 shares of the company’s stock worth $557,000 after purchasing an additional 830 shares during the period. HL Financial Services LLC increased its position in shares of Carnival by 7.9% in the fourth quarter. HL Financial Services LLC now owns 11,465 shares of the company’s stock worth $761,000 after purchasing an additional 840 shares during the period. Vident Investment Advisory LLC increased its position in shares of Carnival by 1.9% in the third 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 during the period. Finally, Sigma Planning Corp increased its position in shares of Carnival by 7.6% in the fourth quarter. Sigma Planning Corp now owns 12,934 shares of the company’s stock worth $858,000 after purchasing an additional 911 shares during the period. Hedge funds and other institutional investors own 76.74% of the company’s stock.
In other news, CEO Arnold W. Donald sold 6,000 shares of Carnival stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $68.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at $7,858,896. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stein Kruse sold 60,665 shares of Carnival stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Insiders sold 336,364 shares of company stock worth $22,626,561 over the last ninety days. 23.80% of the stock is currently owned by insiders.
Shares of Carnival Corp (NYSE:CCL) opened at $67.57 on Wednesday. The firm has a market capitalization of $35,981.80, a PE ratio of 18.82, a P/E/G ratio of 1.13 and a beta of 0.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival Corp has a 12 month low of $56.73 and a 12 month high of $72.70.
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 the consensus estimate of $0.51 by $0.12. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. Carnival’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. equities analysts predict that Carnival Corp will post 4.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is presently 22.28%.
COPYRIGHT VIOLATION NOTICE: “Cornerstone Capital Management Holdings LLC. Purchases 19,789 Shares of Carnival Corp (CCL)” was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/03/14/cornerstone-capital-management-holdings-llc-purchases-19789-shares-of-carnival-corp-ccl.html.
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.
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.