19,864 Shares in Carnival Corporation $CCL Purchased by Deltroit Asset Management UK LLP

Deltroit Asset Management UK LLP bought a new position in Carnival Corporation (NYSE:CCL) during the fourth quarter, Holdings Channel reports. The firm bought 19,864 shares of the company’s stock, valued at approximately $607,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOCHK Asset Management Ltd acquired a new stake in shares of Carnival in the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Carnival in the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Carnival in the 4th quarter worth about $26,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock worth $29,000 after acquiring an additional 762 shares during the last quarter. Finally, Optima Capital LLC bought a new stake in shares of Carnival in the 4th quarter worth $32,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

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 shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the transaction, the director directly owned 52,601 shares of the company’s stock, valued at approximately $1,377,620.19. The trade was a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s 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 completion of the transaction, the insider directly owned 69,238 shares in the company, valued at $1,945,587.80. This trade represents a 38.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 55,058 shares of company stock worth $1,524,195 over the last three months. 7.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CCL shares. UBS Group reduced their target price on shares of Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Truist Financial reduced their target price on shares of Carnival from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Friday, May 22nd. The Goldman Sachs Group reduced their target price on shares of Carnival from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Barclays reduced their target price on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Finally, Loop Capital started coverage on shares of Carnival in a research note on Monday. They issued a “buy” rating and a $36.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and an average target price of $34.80.

Carnival Price Performance

Shares of NYSE:CCL opened at $27.43 on Friday. The company’s 50-day moving average is $26.59 and its 200 day moving average is $28.06. 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 $33.98 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.24 and a beta of 2.32. Carnival Corporation has a fifty-two week low of $22.11 and a fifty-two week high of $34.03.

Carnival (NYSE:CCL) last issued its quarterly 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. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities research analysts forecast that Carnival Corporation will post 2.21 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. 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.