Marshall Wace North America L.P. lifted its holdings in Carnival Corp (NYSE:CCL) by 674.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 394,778 shares of the company’s stock after acquiring an additional 343,805 shares during the period. Marshall Wace North America L.P. owned 0.07% of Carnival worth $25,175,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Lido Advisors LLC raised its position in Carnival by 11.3% during the second quarter. Lido Advisors LLC now owns 8,555 shares of the company’s stock valued at $490,000 after purchasing an additional 872 shares during the period. Signaturefd LLC raised its position in Carnival by 34.1% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $211,000 after purchasing an additional 937 shares during the period. A. D. Beadell Investment Counsel Inc. raised its position in Carnival by 2.6% during 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 purchasing an additional 950 shares during the period. IFP Advisors Inc raised its position in Carnival by 7.6% during the second quarter. IFP Advisors Inc now owns 13,520 shares of the company’s stock valued at $775,000 after purchasing an additional 953 shares during the period. Finally, Sigma Planning Corp raised its position in Carnival by 6.9% during the second quarter. Sigma Planning Corp now owns 14,990 shares of the company’s stock valued at $859,000 after purchasing an additional 968 shares during the period. 75.89% of the stock is owned by institutional investors.
CCL opened at $56.73 on Friday. The firm has a market cap of $31.03 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.90 and a beta of 1.02. Carnival Corp has a 52 week low of $53.47 and a 52 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.
Carnival (NYSE:CCL) last released its quarterly earnings data on Thursday, September 27th. The company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.32 by $0.04. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.80 billion. Carnival had a return on equity of 12.30% and a net margin of 17.15%. Carnival’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $2.29 EPS. On average, equities research analysts forecast that Carnival Corp will post 4.25 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.53%. Carnival’s payout ratio is currently 52.36%.
A number of brokerages have issued reports on CCL. ValuEngine upgraded Carnival from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Deutsche Bank decreased their price objective on Carnival from $68.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, September 28th. Zacks Investment Research downgraded Carnival from a “hold” rating to a “sell” rating in a report on Monday, December 3rd. Stifel Nicolaus reduced 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, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Carnival in a report on Thursday, October 11th. 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 company. The stock has a consensus rating of “Hold” and a consensus price target of $72.93.
In other Carnival news, General Counsel Arnaldo Perez sold 7,000 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $64.26, for a total transaction of $449,820.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 23.80% of the company’s stock.
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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