Eagle Asset Management Inc. Reduces Holdings in Carnival Corp (CCL)
Eagle Asset Management Inc. trimmed its holdings in shares of Carnival Corp (NYSE:CCL) by 67.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 635,350 shares of the company’s stock after selling 1,334,700 shares during the period. Eagle Asset Management Inc. owned 0.12% of Carnival worth $40,516,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC raised its holdings in shares of Carnival by 213.9% during the second quarter. Moneta Group Investment Advisors LLC now owns 12,557 shares of the company’s stock worth $102,000 after purchasing an additional 8,557 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Carnival during the second quarter worth $124,000. Mainstay Capital Management LLC ADV raised its holdings in shares of Carnival by 1,262.1% during the second quarter. Mainstay Capital Management LLC ADV now owns 6,320 shares of the company’s stock worth $125,000 after purchasing an additional 5,856 shares during the period. Bessemer Group Inc. grew its position in shares of Carnival by 202.9% during the third quarter. Bessemer Group Inc. now owns 2,096 shares of the company’s stock worth $134,000 after acquiring an additional 1,404 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Carnival during the third quarter worth about $173,000. 73.97% of the stock is currently owned by institutional investors.
Several research firms have recently commented 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 stock 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 stock 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 stock 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $72.86.
Carnival (NYSE:CCL) last announced its earnings results on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.04. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.80 billion. Carnival had a net margin of 17.15% and a return on equity of 12.30%. Carnival’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 EPS. Equities research analysts expect that Carnival Corp will post 4.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be given a $0.50 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.39%. Carnival’s dividend payout ratio is presently 52.36%.
In related news, General Counsel Arnaldo Perez sold 7,000 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $64.26, for a total value of $449,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.80% of the company’s stock.
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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