Clarus Wealth Advisors bought a new position in shares of Carnival Corp (NYSE:CCL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,282 shares of the company’s stock, valued at approximately $218,000.

A number of other large investors have also modified their holdings of CCL. Capital Growth Management LP bought a new position in Carnival during the third quarter worth about $65,539,000. APG Asset Management N.V. boosted its position in Carnival by 60.6% during the third quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock worth $149,383,000 after purchasing an additional 872,800 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Carnival by 42.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,138,032 shares of the company’s stock worth $138,054,000 after purchasing an additional 641,103 shares during the period. Janus Henderson Group PLC boosted its position in Carnival by 14.1% during the third quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock worth $227,614,000 after purchasing an additional 436,941 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Carnival by 188.5% during the third quarter. State of Wisconsin Investment Board now owns 526,536 shares of the company’s stock worth $33,998,000 after purchasing an additional 344,051 shares during the period. Hedge funds and other institutional investors own 75.65% of the company’s stock.

A number of equities analysts have weighed in on CCL shares. Buckingham Research reiterated a “buy” rating and set a $84.00 target price (up previously from $80.00) on shares of Carnival in a research report on Wednesday, December 20th. Credit Suisse Group upgraded shares of Carnival from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $66.05 to $70.00 in a research report on Tuesday, January 9th. Morgan Stanley upgraded shares of Carnival from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $65.94 to $68.00 in a research report on Wednesday, December 6th. Tigress Financial restated a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded shares of Carnival from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Carnival presently has an average rating of “Buy” and an average price target of $73.45.

Shares of Carnival Corp (NYSE:CCL) opened at $69.12 on Thursday. The firm has a market cap of $37,002.06, a P/E ratio of 18.13, a P/E/G ratio of 1.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival Corp has a one year low of $54.75 and a one year high of $72.70.

Carnival (NYSE:CCL) last announced its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. Carnival’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. equities analysts anticipate that Carnival Corp will post 4.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, February 22nd. Carnival’s dividend payout ratio is currently 32.03%.

In related news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $65.57, for a total value of $327,850.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Arnaldo Perez sold 15,166 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total transaction of $1,009,903.94. The disclosure for this sale can be found here. Insiders sold 313,627 shares of company stock worth $21,059,647 over the last ninety days. 23.80% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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