RiverPoint Capital Management LLC boosted its position in shares of Carnival Corp (NYSE:CCL) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 275,662 shares of the company’s stock after acquiring an additional 5,241 shares during the period. RiverPoint Capital Management LLC’s holdings in Carnival were worth $18,296,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. LVW Advisors LLC grew its position in shares of Carnival by 39.9% in the fourth quarter. LVW Advisors LLC now owns 25,192 shares of the company’s stock valued at $1,672,000 after purchasing an additional 7,186 shares during the period. Cornerstone Capital Inc. grew its position in shares of Carnival by 9.5% in the fourth quarter. Cornerstone Capital Inc. now owns 245,670 shares of the company’s stock valued at $16,305,000 after purchasing an additional 21,365 shares during the period. RDL Financial Inc. grew its position in shares of Carnival by 19.0% in the fourth quarter. RDL Financial Inc. now owns 13,902 shares of the company’s stock valued at $923,000 after purchasing an additional 2,218 shares during the period. Financial Counselors Inc. grew its position in shares of Carnival by 22.0% in the fourth quarter. Financial Counselors Inc. now owns 104,712 shares of the company’s stock valued at $6,950,000 after purchasing an additional 18,886 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new stake in shares of Carnival in the fourth quarter valued at about $22,208,000. Institutional investors own 75.61% of the company’s stock.
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. The firm has a market cap of $36,729.64, a PE ratio of 19.15, a PEG ratio of 1.15 and a beta of 0.75. Carnival Corp has a 52 week low of $55.07 and a 52 week high of $72.70.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, February 22nd. Carnival’s dividend payout ratio is currently 22.28%.
In other Carnival news, CFO David Bernstein sold 5,999 shares of Carnival stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $68.73, for a total transaction of $412,311.27. Following the transaction, the chief financial officer now directly owns 43,775 shares of the company’s stock, valued at $3,008,655.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arnold W. Donald sold 3,000 shares of Carnival stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $68.00, for a total transaction of $204,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 336,364 shares of company stock worth $22,622,361. Insiders own 23.80% of the company’s stock.
Several brokerages have recently issued reports on CCL. Credit Suisse Group lifted their target price on shares of Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a research report on Thursday, January 25th. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley lifted their target price on shares of Carnival from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Buckingham Research reiterated a “buy” rating and issued a $84.00 target price (up previously from $80.00) on shares of Carnival in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus lifted their target price on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Seven research 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 stock. Carnival presently has a consensus rating of “Buy” and an average target price of $73.82.
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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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