Carnival Corporation (CCL) Shares Bought by Janus Henderson Group PLC
Janus Henderson Group PLC grew its stake in Carnival Corporation (NYSE:CCL) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,525,084 shares of the company’s stock after buying an additional 436,941 shares during the period. Janus Henderson Group PLC owned 0.66% of Carnival worth $227,614,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in shares of Carnival by 2,540.0% in the third quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock worth $17,046,000 after buying an additional 253,997 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Carnival by 4.3% during the second quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock worth $43,908,000 after purchasing an additional 27,330 shares during the last quarter. Homrich & Berg purchased a new position in shares of Carnival during the second quarter worth $272,000. Covenant Multifamily Offices LLC raised its holdings in shares of Carnival by 2.4% during the second quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock worth $2,618,000 after purchasing an additional 929 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Carnival by 14.7% during the second quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock worth $2,265,000 after purchasing an additional 4,422 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the sale, the chief executive officer now owns 115,572 shares in the company, valued at $7,561,875.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Arnold W. Donald sold 90,903 shares of Carnival stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $67.41, for a total transaction of $6,127,771.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,903 shares of company stock worth $6,782,771. 23.80% of the stock is owned by company insiders.
Several research analysts recently issued reports on CCL shares. Goldman Sachs Group reissued a “neutral” rating on shares of Carnival in a report on Tuesday, August 15th. UBS reissued a “buy” rating and set a $76.00 target price (up previously from $67.00) on shares of Carnival in a report on Thursday, August 17th. BidaskClub raised shares of Carnival from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Carnival from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Tuesday, August 22nd. Finally, Credit Suisse Group cut shares of Carnival from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $78.00 to $70.00 in a report on Friday, September 15th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $67.73.
Shares of Carnival Corporation (NYSE:CCL) opened at $66.91 on Monday. The company has a market cap of $35,852.79, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.19 and a beta of 0.73. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32. Carnival Corporation has a 52-week low of $50.77 and a 52-week high of $69.89.
Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.92 earnings per share. equities analysts expect that Carnival Corporation will post 3.7 EPS for the current year.
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. This represents a $1.80 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio (DPR) is currently 43.72%.
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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