ING Groep NV lowered its stake in shares of Carnival Corp (NYSE:CCL) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,170 shares of the company’s stock after selling 6,108 shares during the period. ING Groep NV’s holdings in Carnival were worth $2,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake 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 buying an additional 436,941 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Carnival by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock valued at $202,067,000 after purchasing an additional 119,107 shares during the period. APG Asset Management N.V. raised its position in Carnival by 60.6% in the third quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock valued at $149,383,000 after purchasing an additional 872,800 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Carnival by 5.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,255,650 shares of the company’s stock valued at $149,711,000 after purchasing an additional 117,618 shares during the period. Finally, Eagle Asset Management Inc. raised its position in Carnival by 0.4% in the third quarter. Eagle Asset Management Inc. now owns 2,128,102 shares of the company’s stock valued at $137,113,000 after purchasing an additional 7,457 shares during the period. 75.65% of the stock is currently owned by institutional investors.

Shares of Carnival Corp (NYSE:CCL) opened at $67.07 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $35,661.30, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.12 and a beta of 0.75. Carnival Corp has a 1-year low of $54.75 and a 1-year high of $72.70.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 annualized dividend and a yield of 2.68%. Carnival’s dividend payout ratio (DPR) is 32.03%.

In other Carnival news, CEO Arnold W. Donald sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $68.00, for a total transaction of $408,000.00. Following the sale, the chief executive officer now owns 115,572 shares in the company, valued at approximately $7,858,896. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Arnaldo Perez sold 15,166 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $1,009,903.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,627 shares of company stock worth $21,059,647. 23.80% of the stock is owned by company insiders.

CCL has been the topic of a number of research analyst reports. Buckingham Research restated a “buy” rating and issued a $84.00 target price (up previously from $80.00) on shares of Carnival in a research report on Wednesday, December 20th. Stifel Nicolaus lifted their target price on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. SunTrust Banks restated a “buy” rating and issued a $84.00 target price (up previously from $72.00) on shares of Carnival in a research report on Tuesday, December 19th. They noted that the move was a valuation call. ValuEngine upgraded Carnival from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Tigress Financial restated a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $73.45.

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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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