Capital Financial Group Inc. Co. ADV Buys New Shares in Carnival Corporation $CCL

Capital Financial Group Inc. Co. ADV bought a new stake in Carnival Corporation (NYSE:CCL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,061 shares of the company’s stock, valued at approximately $918,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BOCHK Asset Management Ltd bought a new position in shares of Carnival in the fourth quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Carnival in the third quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Carnival in the fourth quarter valued at $26,000. Newbridge Financial Services Group Inc. grew its stake in shares of Carnival by 381.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock valued at $29,000 after buying an additional 762 shares in the last quarter. Finally, Optima Capital LLC bought a new position in shares of Carnival in the fourth quarter valued at $32,000. 67.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCL. UBS Group cut their price target on Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a report on Monday, April 13th. Barclays cut their price target on Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Citigroup cut their price target on Carnival from $39.00 to $35.00 and set a “buy” rating for the company in a report on Monday, March 30th. Loop Capital began coverage on Carnival in a report on Monday, June 1st. They set a “buy” rating and a $36.00 price target for the company. Finally, HSBC raised Carnival from a “hold” rating to a “buy” rating and cut their price target for the company from $33.60 to $30.10 in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Carnival presently has an average rating of “Moderate Buy” and an average target price of $34.85.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 11,988 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the transaction, the director owned 52,601 shares of the company’s stock, valued at $1,377,620.19. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the transaction, the insider directly owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. This trade represents a 38.34% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 55,058 shares of company stock valued at $1,524,195. 7.90% of the stock is owned by insiders.

Carnival Stock Up 3.2%

CCL opened at $30.10 on Tuesday. Carnival Corporation has a fifty-two week low of $22.58 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.26 and a current ratio of 0.30. The company has a market capitalization of $37.30 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.29 and a beta of 2.32. The stock has a fifty day moving average of $26.93 and a 200-day moving average of $28.18.

Carnival (NYSE:CCL) last posted its earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts expect that Carnival Corporation will post 2.22 EPS for the current year.

Carnival Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, May 18th. Carnival’s payout ratio is 26.67%.

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.