Daiwa Securities Group Inc. Has $1.41 Million Stake in CCL Industries Inc. (CCL)
Daiwa Securities Group Inc. lifted its position in shares of CCL Industries Inc. (NYSE:CCL) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,757 shares of the company’s stock after purchasing an additional 3,107 shares during the period. Daiwa Securities Group Inc.’s holdings in CCL Industries were worth $1,405,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Pathstone Family Office LLC boosted its holdings in shares of CCL Industries by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after purchasing an additional 38 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in shares of CCL Industries by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after purchasing an additional 40 shares during the period. Security National Bank of Sioux City Iowa IA raised its stake in CCL Industries by 0.5% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock worth $878,000 after buying an additional 65 shares in the last quarter. Scotia Capital Inc. raised its stake in CCL Industries by 0.4% in the second quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock worth $1,089,000 after buying an additional 71 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in CCL Industries by 1.7% in the second quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after buying an additional 75 shares in the last quarter.
In related news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of C$65.43, for a total transaction of C$327,150.00. Following the completion of the sale, the chief executive officer now owns 115,572 shares of the company’s stock, valued at C$7,561,875.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of CCL Industries Inc. (NYSE:CCL) opened at C$64.66 on Friday. CCL Industries Inc. has a 1 year low of C$49.50 and a 1 year high of C$69.89.
CCL Industries (NYSE:CCL) last announced its quarterly earnings results on Tuesday, September 26th. The company reported C$2.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.20 by C$0.09. The company had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.39 billion. CCL Industries had a net margin of 24.10% and a return on equity of 22.62%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.78%. This is an increase from CCL Industries’s previous quarterly dividend of $0.40.
A number of equities analysts recently issued reports on the stock. Nomura reissued a “buy” rating and issued a $75.00 price target on shares of CCL Industries in a research note on Friday, September 29th. Instinet reissued a “buy” rating and issued a $75.00 price target on shares of CCL Industries in a research note on Monday, October 2nd. Argus reissued a “neutral” rating and issued a $67.00 price target (down from $78.00) on shares of CCL Industries in a research note on Thursday, September 28th. Credit Suisse Group reissued a “neutral” rating on shares of CCL Industries in a research note on Thursday, September 28th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $79.00 price target (up from $74.00) on shares of CCL Industries in a research note on Wednesday, September 27th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. CCL Industries presently has an average rating of “Buy” and a consensus price target of C$67.43.
About CCL Industries
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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