Candriam Luxembourg S.C.A. reduced its stake in shares of Carnival Co. (NYSE:CCL) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,017 shares of the company’s stock after selling 5,500 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Carnival were worth $2,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in Carnival by 2,540.0% in the third quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock valued at $17,046,000 after buying an additional 253,997 shares in the last quarter. Prudential Financial Inc. boosted its stake in Carnival by 4.3% in the second quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock valued at $43,908,000 after buying an additional 27,330 shares in the last quarter. Homrich & Berg acquired a new stake in Carnival in the second quarter valued at about $272,000. Covenant Multifamily Offices LLC boosted its stake in Carnival by 2.4% in the second quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock valued at $2,618,000 after buying an additional 929 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Carnival by 14.7% in the second quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock valued at $2,265,000 after buying an additional 4,422 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Carnival Co. (NYSE:CCL) opened at $65.82 on Friday. Carnival Co. has a 1 year low of $49.73 and a 1 year high of $69.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.21. The stock has a market capitalization of $35,247.29, a PE ratio of 17.04, a PEG ratio of 1.35 and a beta of 0.75.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. Carnival had a return on equity of 12.15% and a net margin of 15.53%. The business had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter last year, the firm posted $1.92 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. research analysts predict that Carnival Co. will post 3.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.80 annualized dividend and a yield of 2.73%. This is a boost from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio (DPR) is currently 43.72%.

Several analysts recently weighed in on the company. UBS AG reaffirmed a “buy” rating and issued a $76.00 price objective (up from $67.00) on shares of Carnival in a research note on Thursday, August 17th. Zacks Investment Research lowered Carnival from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub raised Carnival from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival in a research note on Thursday, September 28th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $73.20 target price on shares of Carnival in a research report on Monday, July 24th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $67.43.

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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 stock was sold at an average price of $65.43, for a total transaction of $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 $7,561,875.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.80% of the company’s stock.

About Carnival

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.

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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