Financial Counselors Inc. boosted its stake in shares of Carnival Corp (NYSE:CCL) by 22.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 104,712 shares of the company’s stock after purchasing an additional 18,886 shares during the period. Financial Counselors Inc.’s holdings in Carnival were worth $6,950,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Boothbay Fund Management LLC raised its holdings in shares of Carnival by 6.5% in the 3rd quarter. Boothbay Fund Management LLC now owns 12,888 shares of the company’s stock valued at $832,000 after purchasing an additional 788 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of Carnival by 11.0% in the 4th quarter. Global X Management Co. LLC now owns 8,385 shares of the company’s stock valued at $557,000 after purchasing an additional 830 shares in the last quarter. HL Financial Services LLC raised its holdings in shares of Carnival by 7.9% in the 4th quarter. HL Financial Services LLC now owns 11,465 shares of the company’s stock valued at $761,000 after purchasing an additional 840 shares in the last quarter. Vident Investment Advisory LLC raised its holdings in shares of Carnival by 1.9% in the 3rd quarter. Vident Investment Advisory LLC now owns 46,477 shares of the company’s stock valued at $3,001,000 after purchasing an additional 878 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in shares of Carnival by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 57,475 shares of the company’s stock valued at $3,711,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 75.61% of the company’s stock.
CCL has been the subject of several recent research reports. Zacks Investment Research lowered shares of Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Morgan Stanley upgraded shares of Carnival from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $65.94 to $68.00 in a report on Wednesday, December 6th. Credit Suisse Group set a $72.00 price target on shares of Carnival and gave the company a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks restated a “buy” rating and issued a $84.00 price target (up previously from $72.00) on shares of Carnival in a report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted 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 research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $73.82.
Carnival Corp (NYSE CCL) opened at $68.76 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival Corp has a 12-month low of $55.07 and a 12-month high of $72.70. The stock has a market cap of $36,729.64, a P/E ratio of 18.00, a PEG ratio of 1.15 and a beta of 0.75.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. research analysts forecast that Carnival Corp will post 4.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio is presently 22.28%.
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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