American Century Companies Inc. lifted its holdings in shares of Carnival Corp (NYSE:CCL) by 41.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,819,018 shares of the company’s stock after buying an additional 534,003 shares during the quarter. American Century Companies Inc. owned about 0.35% of Carnival worth $115,999,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Regentatlantic Capital LLC increased its holdings in Carnival by 1.8% during the 2nd quarter. Regentatlantic Capital LLC now owns 49,377 shares of the company’s stock worth $2,830,000 after acquiring an additional 857 shares during the period. Lido Advisors LLC increased its holdings in Carnival by 11.3% during the 2nd quarter. Lido Advisors LLC now owns 8,555 shares of the company’s stock worth $490,000 after acquiring an additional 872 shares during the period. Signaturefd LLC increased its holdings in Carnival by 34.1% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $211,000 after acquiring an additional 937 shares during the period. A. D. Beadell Investment Counsel Inc. increased its holdings in Carnival by 2.6% during the 3rd quarter. A. D. Beadell Investment Counsel Inc. now owns 37,555 shares of the company’s stock worth $2,394,000 after acquiring an additional 950 shares during the period. Finally, IFP Advisors Inc increased its holdings in Carnival by 7.6% during the 2nd quarter. IFP Advisors Inc now owns 13,520 shares of the company’s stock worth $775,000 after acquiring an additional 953 shares during the period. Institutional investors own 76.18% of the company’s stock.
CCL stock opened at $58.54 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.17 and a current ratio of 0.22. Carnival Corp has a 52 week low of $53.47 and a 52 week high of $72.70. The firm has a market cap of $30.16 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01.
Carnival (NYSE:CCL) last released its earnings results on Thursday, September 27th. The company reported $2.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.04. Carnival had a net margin of 17.15% and a return on equity of 12.30%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the firm earned $2.29 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts expect that Carnival Corp will post 4.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Wednesday, November 21st. Carnival’s dividend payout ratio is currently 52.36%.
In related news, General Counsel Arnaldo Perez sold 7,000 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $64.26, for a total transaction of $449,820.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 23.80% of the stock is currently owned by company insiders.
A number of research firms recently weighed in on CCL. Zacks Investment Research raised shares of Carnival from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Goldman Sachs Group set a $70.00 target price on shares of Carnival and gave the stock a “hold” rating in a report on Monday, September 24th. Bank of America set a $78.00 target price on shares of Carnival and gave the stock a “buy” rating in a report on Wednesday, September 26th. Macquarie set a $55.00 price target on shares of Carnival and gave the stock a “sell” rating in a report on Friday, September 28th. Finally, ValuEngine raised shares of Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Carnival currently has a consensus rating of “Hold” and a consensus price target of $72.86.
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Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.
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