BI Asset Management Fondsmaeglerselskab A S Has $11.61 Million Stock Holdings in Carnival Corporation $CCL

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Carnival Corporation (NYSE:CCL) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,978 shares of the company’s stock after buying an additional 66,399 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carnival were worth $11,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Carnival by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock worth $3,913,190,000 after acquiring an additional 368,445 shares in the last quarter. State Street Corp raised its holdings in shares of Carnival by 4.1% during the third quarter. State Street Corp now owns 47,369,740 shares of the company’s stock worth $1,369,459,000 after acquiring an additional 1,845,850 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Carnival by 0.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 36,109,629 shares of the company’s stock worth $1,043,929,000 after acquiring an additional 291,864 shares in the last quarter. Causeway Capital Management LLC raised its holdings in shares of Carnival by 9.6% during the third quarter. Causeway Capital Management LLC now owns 31,912,001 shares of the company’s stock worth $922,576,000 after acquiring an additional 2,783,927 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Carnival by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 29,450,412 shares of the company’s stock valued at $896,104,000 after buying an additional 683,311 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Trading Down 1.5%

Carnival stock opened at $27.43 on Friday. 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 business’s 50-day simple moving average is $26.59 and its 200-day simple moving average is $28.06. The firm has a market capitalization of $33.98 billion, a PE ratio of 12.19, a PEG ratio of 1.22 and a beta of 2.32. Carnival Corporation has a 52 week low of $22.11 and a 52 week high of $34.03.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. Equities research analysts forecast that Carnival Corporation will post 2.21 earnings per share for the current year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 2.2%. Carnival’s dividend payout ratio (DPR) is 26.67%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. William Blair restated an “outperform” rating on shares of Carnival in a report on Tuesday, March 3rd. Zacks Research upgraded Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Loop Capital assumed coverage on Carnival in a report on Monday, June 1st. They set a “buy” rating and a $36.00 target price on the stock. Wall Street Zen lowered Carnival from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Morgan Stanley upgraded Carnival from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $33.00 to $31.00 in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.80.

Insider Transactions at Carnival

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

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.