Twin Capital Management Inc. bought a new stake in shares of Carnival Corp (NYSE:CCL) during the third quarter, HoldingsChannel reports. The institutional investor bought 5,688 shares of the company’s stock, valued at approximately $363,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp lifted its position in Carnival by 0.5% during the 2nd quarter. Northern Trust Corp now owns 25,028,806 shares of the company’s stock valued at $1,434,401,000 after purchasing an additional 121,834 shares during the period. Bank of New York Mellon Corp raised its position in shares of Carnival by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,921,357 shares of the company’s stock valued at $224,733,000 after acquiring an additional 55,116 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Carnival by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,823 shares of the company’s stock valued at $179,999,000 after acquiring an additional 62,365 shares during the period. FMR LLC raised its position in shares of Carnival by 10.0% in the 2nd quarter. FMR LLC now owns 2,894,591 shares of the company’s stock valued at $165,888,000 after acquiring an additional 262,856 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Carnival by 24.8% in the 3rd quarter. Wells Fargo & Company MN now owns 2,700,280 shares of the company’s stock valued at $172,197,000 after acquiring an additional 536,459 shares during the period. Institutional investors own 73.97% of the company’s stock.

In related news, General Counsel Arnaldo Perez sold 7,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $64.26, for a total transaction of $449,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.80% of the stock is currently owned by corporate insiders.

NYSE CCL opened at $59.96 on Monday. Carnival Corp has a 52-week low of $53.47 and a 52-week high of $72.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.22 and a quick ratio of 0.17. The company has a market cap of $31.59 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01.

Carnival (NYSE:CCL) last posted its earnings results on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.04. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the business earned $2.29 EPS. Carnival’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that Carnival Corp will post 4.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Carnival’s payout ratio is 52.36%.

A number of brokerages recently weighed in on CCL. Zacks Investment Research upgraded shares of Carnival from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Goldman Sachs Group set a $70.00 price target on shares of Carnival and gave the company a “hold” rating in a research report on Monday, September 24th. Bank of America set a $78.00 price target on shares of Carnival and gave the company a “buy” rating in a research report on Wednesday, September 26th. Macquarie set a $55.00 price target on shares of Carnival and gave the company a “sell” rating in a research report on Friday, September 28th. Finally, ValuEngine upgraded shares of Carnival from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Carnival has a consensus rating of “Buy” and a consensus price target of $72.86.

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Carnival Company Profile

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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