Carnival Corporation (CCL) Stake Boosted by KBC Group NV
KBC Group NV grew its position in shares of Carnival Corporation (NYSE:CCL) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 537,725 shares of the company’s stock after acquiring an additional 5,683 shares during the period. KBC Group NV owned about 0.10% of Carnival worth $34,721,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Carnival by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock worth $202,067,000 after buying an additional 119,107 shares in the last quarter. Boston Private Wealth LLC raised its position in shares of Carnival by 1.9% during the 3rd quarter. Boston Private Wealth LLC now owns 63,817 shares of the company’s stock valued at $4,121,000 after purchasing an additional 1,179 shares during the period. Brown Advisory Inc. raised its position in shares of Carnival by 11.5% during the 3rd quarter. Brown Advisory Inc. now owns 20,435 shares of the company’s stock valued at $1,319,000 after purchasing an additional 2,107 shares during the period. Pittenger & Anderson Inc. bought a new stake in Carnival in the 3rd quarter valued at $621,000. Finally, Sii Investments Inc. WI increased its holdings in Carnival by 6.1% in the 3rd quarter. Sii Investments Inc. WI now owns 18,079 shares of the company’s stock valued at $1,167,000 after acquiring an additional 1,042 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.
In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of Carnival stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total value of $327,150.00. Following the completion of the transaction, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.80% of the company’s stock.
CCL has been the topic of a number of research reports. UBS reiterated a “buy” rating and issued a $76.00 price target (up from $67.00) on shares of Carnival in a report on Thursday, August 17th. Deutsche Bank reiterated a “hold” rating and issued a $61.00 price target (down from $62.00) on shares of Carnival in a report on Wednesday, September 27th. Zacks Investment Research downgraded shares of Carnival from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Argus reiterated a “neutral” rating and issued a $67.00 price target (down from $78.00) on shares of Carnival in a report on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $79.00 price target (up from $74.00) on shares of Carnival in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Carnival has a consensus rating of “Buy” and a consensus target price of $67.71.
Carnival Corporation (CCL) opened at $65.70 on Thursday. Carnival Corporation has a 52 week low of $49.73 and a 52 week high of $69.89. The company has a market cap of $35,638.45, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.36 and a beta of 0.75. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The business had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the company posted $1.92 EPS. The business’s revenue was up 8.2% on a year-over-year basis. sell-side analysts anticipate that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.45 dividend. This is a boost from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Wednesday, November 22nd. Carnival’s dividend payout ratio (DPR) is presently 43.72%.
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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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