Columbia Partners L.L.C. Investment Management lifted its holdings in shares of Carnival Corp (NYSE:CCL) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,291 shares of the company’s stock after purchasing an additional 3,450 shares during the period. Columbia Partners L.L.C. Investment Management’s holdings in Carnival were worth $2,186,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in 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 worth $224,733,000 after buying an additional 55,116 shares during the last quarter. Standard Life Aberdeen plc raised its stake in Carnival by 14.5% during the second quarter. Standard Life Aberdeen plc now owns 184,148 shares of the company’s stock worth $10,554,000 after buying an additional 23,335 shares during the last quarter. Roof Advisory Group Inc. bought a new position in Carnival during the third quarter worth $815,000. Blue Chip Partners Inc. bought a new position in Carnival during the third quarter worth $248,000. Finally, Natixis raised its stake in Carnival by 20.8% during the second quarter. Natixis now owns 60,570 shares of the company’s stock worth $3,471,000 after buying an additional 10,431 shares during the last quarter. Institutional investors own 75.89% of the company’s stock.
In other Carnival news, General Counsel Arnaldo Perez sold 7,000 shares of Carnival stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.80% of the company’s stock.
CCL opened at $60.29 on Monday. Carnival Corp has a 1-year low of $53.47 and a 1-year high of $72.70. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $31.76 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.02 and a beta of 1.02.
Carnival (NYSE:CCL) last posted its quarterly earnings results on Thursday, September 27th. The company reported $2.36 earnings per share for the quarter, beating the 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 firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the firm posted $2.29 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Carnival Corp will post 4.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, November 21st. Carnival’s dividend payout ratio (DPR) is currently 52.36%.
A number of equities analysts recently weighed in on CCL shares. Credit Suisse Group set a $75.00 target price on shares of Carnival and gave the stock a “buy” rating in a research note on Thursday, September 13th. Citigroup lowered their target price on shares of Carnival from $79.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Buckingham Research lifted their target price on shares of Carnival from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, September 28th. Stifel Nicolaus lowered their target price on shares of Carnival from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, September 28th. Finally, Bank of America set a $78.00 target price on shares of Carnival and gave the stock a “buy” rating in a research note on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.93.
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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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