SG Americas Securities LLC grew its position in shares of Carnival Co. (NYSE:CCL) by 38.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,396 shares of the company’s stock after buying an additional 34,581 shares during the quarter. SG Americas Securities LLC’s holdings in Carnival were worth $7,968,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of CCL. FMR LLC lifted its position in shares of Carnival by 8.0% during the 1st quarter. FMR LLC now owns 226,744 shares of the company’s stock worth $13,358,000 after buying an additional 16,719 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Carnival during the 2nd quarter worth approximately $249,000. Fisher Asset Management LLC bought a new position in shares of Carnival during the 2nd quarter worth approximately $670,000. State of Alaska Department of Revenue lifted its position in shares of Carnival by 57.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,404 shares of the company’s stock worth $485,000 after buying an additional 2,714 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Carnival by 16.2% during the 2nd quarter. Aperio Group LLC now owns 165,333 shares of the company’s stock worth $10,841,000 after buying an additional 23,045 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.
Carnival Co. (CCL) traded up $0.40 during trading on Friday, reaching $66.22. 1,838,107 shares of the company were exchanged, compared to its average volume of 3,177,252. Carnival Co. has a fifty-two week low of $49.73 and a fifty-two week high of $69.89. The stock has a market cap of $47,240.00, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16.
Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. Carnival had a net margin of 24.10% and a return on equity of 22.62%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 EPS. equities research analysts anticipate that Carnival Co. will post 3.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.45 per share. This is a positive change from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, November 22nd. Carnival’s payout ratio is 43.60%.
In other news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the completion of the transaction, the chief executive officer now directly owns 115,572 shares in the company, valued at approximately $7,561,875.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.80% of the stock is owned by insiders.
Several equities analysts have commented on CCL shares. UBS AG reissued a “buy” rating and set a $76.00 target price (up previously from $67.00) on shares of Carnival in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Carnival from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday, August 1st. BidaskClub lowered shares of Carnival from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Bank of America Corporation restated a “buy” rating and set a $73.20 price target on shares of Carnival in a research note on Monday, July 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $79.00 price target (up previously from $74.00) on shares of Carnival in a research note on Wednesday, September 27th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Carnival currently has a consensus rating of “Buy” and an average target price of $67.43.
Carnival Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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