Teachers Retirement System of The State of Kentucky lifted its stake in shares of Carnival Corp (NYSE:CCL) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 424,000 shares of the company’s stock after acquiring an additional 6,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Carnival were worth $28,141,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in shares of Carnival during the 4th quarter worth $123,000. Grove Bank & Trust lifted its holdings in shares of Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after acquiring an additional 1,600 shares during the last quarter. Focused Wealth Management Inc bought a new stake in shares of Carnival during the 4th quarter worth $133,000. Avestar Capital LLC bought a new stake in shares of Carnival during the 4th quarter worth $148,000. Finally, Delpha Capital Management LLC bought a new stake in shares of Carnival during the 4th quarter worth $173,000. 76.74% of the stock is owned by institutional investors.
In other Carnival news, CFO David Bernstein sold 2,600 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $69.59, for a total value of $180,934.00. Following the sale, the chief financial officer now owns 34,620 shares in the company, valued at $2,409,205.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Arnaldo Perez sold 15,166 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $1,009,903.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 336,364 shares of company stock worth $22,626,561. Corporate insiders own 23.80% of the company’s stock.
Carnival (NYSE:CCL) last announced its quarterly earnings data 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. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. equities analysts expect that Carnival Corp will post 4.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is presently 22.28%.
CCL has been the subject of a number of research analyst reports. Buckingham Research reaffirmed a “buy” rating and set a $84.00 price objective (up from $80.00) on shares of Carnival in a report on Wednesday, December 20th. 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 research report on Wednesday, December 20th. SunTrust Banks reiterated a “buy” rating and set a $84.00 price target (up previously from $72.00) on shares of Carnival in a research report on Tuesday, December 19th. They noted that the move was a valuation call. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Tigress Financial reiterated a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.84.
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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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