Achmea Investment Management B.V. reduced its stake in shares of Carnival Corp (NYSE:CCL) by 30.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,636 shares of the company’s stock after selling 32,912 shares during the quarter. Achmea Investment Management B.V.’s holdings in Carnival were worth $4,820,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CCL. Regentatlantic Capital LLC increased its stake in shares of Carnival by 1.8% in the second quarter. Regentatlantic Capital LLC now owns 49,377 shares of the company’s stock valued at $2,830,000 after buying an additional 857 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Carnival by 11.3% in the second quarter. Lido Advisors LLC now owns 8,555 shares of the company’s stock valued at $490,000 after buying an additional 872 shares in the last quarter. Signaturefd LLC boosted its holdings in Carnival by 34.1% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $211,000 after acquiring an additional 937 shares during the last quarter. A. D. Beadell Investment Counsel Inc. boosted its holdings in Carnival by 2.6% in the third quarter. A. D. Beadell Investment Counsel Inc. now owns 37,555 shares of the company’s stock valued at $2,394,000 after acquiring an additional 950 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Carnival by 7.6% in the second quarter. IFP Advisors Inc now owns 13,520 shares of the company’s stock valued at $775,000 after acquiring an additional 953 shares during the last quarter. Hedge funds and other institutional investors own 76.18% of the company’s stock.
In other news, General Counsel Arnaldo Perez sold 7,000 shares of Carnival stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $64.26, for a total transaction of $449,820.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 23.80% of the company’s stock.
Several equities analysts recently issued reports on CCL shares. Credit Suisse Group set a $75.00 price target on Carnival and gave the company a “buy” rating in a report on Thursday, September 13th. Citigroup decreased their price target on Carnival from $79.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. Buckingham Research raised their price target on Carnival from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, September 28th. Stifel Nicolaus decreased their price target on Carnival from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, September 28th. Finally, Bank of America set a $78.00 price target on Carnival and gave the company a “buy” rating in a report on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $72.86.
NYSE:CCL opened at $58.54 on Friday. Carnival Corp has a fifty-two week low of $53.47 and a fifty-two week high of $72.70. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 0.34. The stock has a market cap of $30.16 billion, a PE 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 quarterly earnings data on Thursday, September 27th. The company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.04. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the business posted $2.29 EPS. Carnival’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Carnival Corp will post 4.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders 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 is Wednesday, November 21st. Carnival’s dividend payout ratio (DPR) is presently 52.36%.
Carnival Company Profile
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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