Brown Advisory Inc. boosted its holdings in shares of Carnival Corp (NYSE:CCL) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,916 shares of the company’s stock after buying an additional 2,020 shares during the quarter. Brown Advisory Inc.’s holdings in Carnival were worth $1,031,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Capital World Investors boosted its holdings in shares of Carnival by 94.4% during the third quarter. Capital World Investors now owns 16,838,371 shares of the company’s stock worth $1,073,783,000 after acquiring an additional 8,176,078 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Carnival by 4,485.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,764,160 shares of the company’s stock worth $178,000 after acquiring an additional 8,573,046 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of Carnival by 1.9% during the third quarter. OppenheimerFunds Inc. now owns 7,295,657 shares of the company’s stock worth $465,245,000 after acquiring an additional 135,561 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Carnival by 30.0% during the third quarter. Janus Henderson Group PLC now owns 3,745,501 shares of the company’s stock worth $238,841,000 after acquiring an additional 863,411 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Carnival by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,364,611 shares of the company’s stock worth $165,861,000 after acquiring an additional 212,303 shares during the period. Institutional investors own 75.58% of the company’s stock.
Shares of CCL stock opened at $56.42 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.24 and a quick ratio of 0.19. The company has a market capitalization of $30.17 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.90 and a beta of 1.26. Carnival Corp has a 1 year low of $45.64 and a 1 year high of $67.69.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Thursday, February 21st. Carnival’s dividend payout ratio (DPR) is currently 46.95%.
In related news, General Counsel Arnaldo Perez sold 2,290 shares of the business’s stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $52.27, for a total value of $119,698.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arnold W. Donald purchased 21,595 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The stock was bought at an average price of $46.43 per share, with a total value of $1,002,655.85. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 71,792 shares of company stock valued at $4,053,366. 24.10% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Carnival from a “sell” rating to a “hold” rating in a report on Wednesday, December 19th. ValuEngine upgraded Carnival from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Wolfe Research set a $73.00 price objective on Carnival and gave the stock a “buy” rating in a report on Tuesday, December 11th. Goldman Sachs Group upgraded Carnival from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $63.00 to $65.00 in a report on Wednesday, March 13th. Finally, Standpoint Research cut Carnival from a “buy” rating to a “hold” rating and set a $57.16 price objective for the company. in a report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. Carnival has an average rating of “Buy” and an average price target of $69.70.
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Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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