3,282 Shares in Carnival Corp (CCL) Purchased by Clarus Wealth Advisors
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.
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.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2018/02/08/3282-shares-in-carnival-corp-ccl-purchased-by-clarus-wealth-advisors.html.
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.
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp (NYSE:CCL).
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.