Argent Trust Co purchased a new position in shares of Carnival Corp (NYSE:CCL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 27,816 shares of the company’s stock, valued at approximately $1,371,000.
Several other hedge funds and other institutional investors also recently modified their holdings of CCL. Capital World Investors lifted its holdings in Carnival by 94.4% in the third quarter. Capital World Investors now owns 16,838,371 shares of the company’s stock valued at $1,073,783,000 after acquiring an additional 8,176,078 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Carnival by 4,485.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,764,160 shares of the company’s stock valued at $178,000 after acquiring an additional 8,573,046 shares during the period. OppenheimerFunds Inc. increased its position in shares of Carnival by 1.9% in the third quarter. OppenheimerFunds Inc. now owns 7,295,657 shares of the company’s stock valued at $465,245,000 after buying an additional 135,561 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Carnival by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 3,921,357 shares of the company’s stock valued at $224,733,000 after buying an additional 55,116 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Carnival by 30.0% in the third quarter. Janus Henderson Group PLC now owns 3,745,501 shares of the company’s stock valued at $238,841,000 after buying an additional 863,411 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on CCL. Zacks Investment Research cut Carnival from a “hold” rating to a “sell” rating in a research report on Monday, December 3rd. Credit Suisse Group set a $76.00 price target on Carnival and gave the company a “buy” rating in a research report on Tuesday, November 20th. ValuEngine upgraded Carnival from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Cleveland Research upgraded Carnival from a “neutral” rating to a “buy” rating in a research report on Monday, December 17th. Finally, Standpoint Research cut Carnival from a “buy” rating to a “hold” rating and set a $57.16 price target for the company. in a research report on Wednesday, January 30th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.01.
In related news, CEO Arnold W. Donald acquired 21,595 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The stock was purchased at an average price of $46.43 per share, for a total transaction of $1,002,655.85. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Arnaldo Perez sold 2,290 shares of Carnival stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $52.27, for a total value of $119,698.30. The disclosure for this sale can be found here. Company insiders own 23.80% of the company’s stock.
Carnival stock opened at $57.05 on Thursday. The stock has a market cap of $30.07 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.80 and a beta of 1.25. Carnival Corp has a 52 week low of $45.64 and a 52 week high of $70.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.24 and a quick ratio of 0.19.
Carnival (NYSE:CCL) last posted its quarterly earnings data on Thursday, December 20th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Carnival had a return on equity of 12.44% and a net margin of 16.70%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. As a group, sell-side analysts forecast that Carnival Corp will post 4.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 22nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, February 21st. Carnival’s dividend payout ratio is presently 46.95%.
Carnival Company Profile
Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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