HBK Investments L P lifted its position in shares of Carnival Corp (NYSE:CCL) by 174.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,309 shares of the company’s stock after buying an additional 91,009 shares during the period. HBK Investments L P’s holdings in Carnival were worth $9,511,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Carnival by 8.8% during the 4th quarter. BlackRock Inc. now owns 29,804,490 shares of the company’s stock valued at $1,978,124,000 after buying an additional 2,421,339 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Carnival by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,558,924 shares of the company’s stock valued at $236,204,000 after buying an additional 39,803 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Carnival by 14.1% during the 3rd quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock valued at $227,614,000 after buying an additional 436,941 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Carnival by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock valued at $202,067,000 after buying an additional 119,107 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Carnival by 48.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,569,310 shares of the company’s stock valued at $170,525,000 after buying an additional 841,421 shares in the last quarter. 76.74% of the stock is currently owned by institutional investors.
Carnival Corp (NYSE CCL) opened at $67.57 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. Carnival Corp has a 12 month low of $56.73 and a 12 month high of $72.70. The stock has a market capitalization of $35,981.80, a P/E ratio of 18.82, a PEG ratio of 1.13 and a beta of 0.80.
The firm also recently announced 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 2.66%. Carnival’s dividend payout ratio (DPR) is presently 22.28%.
In other news, CEO Arnold W. Donald sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $71.66, for a total transaction of $573,280.00. Following the transaction, the chief executive officer now directly owns 102,150 shares of the company’s stock, valued at $7,320,069. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Arnaldo Perez sold 15,166 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total value of $1,009,903.94. The disclosure for this sale can be found here. Insiders have sold 336,364 shares of company stock worth $22,626,561 over the last three months. Insiders own 23.80% of the company’s stock.
CCL has been the topic of a number of research reports. Barclays raised their price objective on Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, December 21st. Zacks Investment Research raised Carnival from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $65.94 to $68.00 in a research note on Wednesday, December 6th. Credit Suisse Group set a $72.00 price target on Carnival and gave the stock a “hold” rating in a research note on Tuesday, December 12th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Carnival in a research note on Friday, December 22nd. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $73.84.
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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