Carillon Tower Advisers Inc. trimmed its holdings in shares of Carnival Corp (NYSE:CCL) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,185 shares of the company’s stock after selling 6,231 shares during the period. Carillon Tower Advisers Inc. owned about 0.06% of Carnival worth $19,780,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Regentatlantic Capital LLC raised its stake in shares of 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 purchasing an additional 857 shares during the period. Lido Advisors LLC raised its stake in shares of 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 purchasing an additional 872 shares during the period. Signaturefd LLC raised its stake in shares of Carnival by 34.1% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $211,000 after purchasing an additional 937 shares during the period. A. D. Beadell Investment Counsel Inc. raised its stake in shares of 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 purchasing an additional 950 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of 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 purchasing an additional 953 shares during the period. Institutional investors own 73.97% of the company’s stock.
Shares of CCL opened at $60.73 on Friday. 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 $32.63 billion, a P/E ratio of 14.78, a PEG ratio of 1.05 and a beta of 1.01. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.34.
Carnival (NYSE:CCL) last announced its quarterly earnings data on Thursday, September 27th. The company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.04. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.80 billion. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 EPS. Sell-side analysts expect that Carnival Corp will post 4.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, November 21st. Carnival’s payout ratio is presently 52.36%.
Several equities research analysts recently weighed in on CCL shares. Credit Suisse Group set a $76.00 price objective on Carnival and gave the stock a “buy” rating in a report on Tuesday, November 20th. ValuEngine raised Carnival from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Carnival in a report on Thursday, October 11th. Macquarie set a $55.00 price objective on Carnival and gave the stock a “sell” rating in a report on Friday, September 28th. Finally, Buckingham Research lifted their price objective on Carnival from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, September 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.93.
In other Carnival 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 23.80% of the stock is owned by insiders.
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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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