Carnival Corp (CCL) Position Boosted by Sompo Japan Nipponkoa Asset Management CO. LTD.

Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its position in Carnival Corp (NYSE:CCL) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,970 shares of the company’s stock after buying an additional 7,830 shares during the period. Carnival makes up 1.5% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings, making the stock its 22nd biggest holding. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Carnival were worth $7,268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CCL. Northern Trust Corp raised its holdings in shares of Carnival by 0.5% during the second quarter. Northern Trust Corp now owns 25,028,806 shares of the company’s stock valued at $1,434,401,000 after purchasing an additional 121,834 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Carnival by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 3,921,357 shares of the company’s stock valued at $224,733,000 after purchasing an additional 55,116 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Carnival by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,140,823 shares of the company’s stock valued at $179,999,000 after purchasing an additional 62,365 shares during the period. FMR LLC raised its holdings in shares of Carnival by 10.0% during the second quarter. FMR LLC now owns 2,894,591 shares of the company’s stock valued at $165,888,000 after purchasing an additional 262,856 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Carnival by 24.8% during the third quarter. Wells Fargo & Company MN now owns 2,700,280 shares of the company’s stock valued at $172,197,000 after purchasing an additional 536,459 shares during the period. Institutional investors and hedge funds own 76.18% of the company’s stock.

In related news, General Counsel Arnaldo Perez sold 7,000 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $64.26, for a total value of $449,820.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 23.80% of the company’s stock.

CCL opened at $58.54 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 0.34. Carnival Corp has a fifty-two week low of $53.47 and a fifty-two week high of $72.70. The stock has a market capitalization of $30.91 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.99 and a beta of 1.01.

Carnival (NYSE:CCL) last posted its earnings results on Thursday, September 27th. The company reported $2.36 earnings per share for the quarter, topping the Zacks’ 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 in the prior year, the business posted $2.29 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Carnival Corp will post 4.25 EPS for the current fiscal 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 $0.50 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. Carnival’s dividend payout ratio is presently 52.36%.

Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Deutsche Bank dropped their price objective on shares of Carnival from $68.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, September 28th. Stifel Nicolaus dropped their price objective on shares of Carnival from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, September 28th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Carnival in a report on Thursday, October 11th. Finally, Macquarie set a $55.00 price objective on shares of Carnival and gave the company a “sell” rating in a report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $72.86.

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Carnival 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.

Read More: Preferred Stock

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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