HAP Trading LLC Has $664,000 Stake in Carnival Corp (CCL)

HAP Trading LLC cut its position in Carnival Corp (NYSE:CCL) by 17.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,001 shares of the company’s stock after selling 2,099 shares during the quarter. HAP Trading LLC’s holdings in Carnival were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CCL. SeaCrest Wealth Management LLC purchased a new position in shares of Carnival in the fourth quarter valued at $123,000. Grove Bank & Trust raised its holdings in Carnival by 367.8% in the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after acquiring an additional 1,600 shares in the last quarter. Smithfield Trust Co. raised its holdings in Carnival by 826.2% in the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after acquiring an additional 2,520 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new stake in Carnival in the third quarter valued at $200,000. Finally, First Allied Advisory Services Inc. acquired a new stake in Carnival in the fourth quarter valued at $215,000. Institutional investors and hedge funds own 75.61% of the company’s stock.

Shares of Carnival Corp (CCL) opened at $69.50 on Tuesday. The firm has a market cap of $37,124.93, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75. Carnival Corp has a twelve month low of $54.75 and a twelve month high of $72.70. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. sell-side analysts anticipate that Carnival Corp will post 4.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.59%. Carnival’s dividend payout ratio (DPR) is presently 32.03%.

In related news, CFO David Bernstein sold 51,454 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $66.76, for a total value of $3,435,069.04. Following the sale, the chief financial officer now owns 67,371 shares of the company’s stock, valued at approximately $4,497,687.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stein Kruse sold 60,665 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $4,039,682.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 336,364 shares of company stock worth $22,622,361. Corporate insiders own 23.80% of the company’s stock.

Several analysts recently issued reports on the stock. Credit Suisse Group upped their price target on shares of Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a report on Thursday, January 25th. ValuEngine raised shares of Carnival from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley upped their price target on shares of Carnival from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Buckingham Research reaffirmed a “buy” rating and issued a $84.00 price target (up from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Finally, Stifel Nicolaus upped their price target on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $73.82.

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Carnival 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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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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