Sheaff Brock Investment Advisors LLC cut its position in Carnival Corp (NYSE:CCL) by 1.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 15,492 shares of the company’s stock after selling 299 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Carnival were worth $786,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Nuveen Asset Management LLC raised its stake in shares of Carnival by 0.5% in the fourth quarter. Nuveen Asset Management LLC now owns 34,308 shares of the company’s stock worth $1,691,000 after acquiring an additional 179 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Carnival by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 6,526 shares of the company’s stock worth $322,000 after acquiring an additional 184 shares during the last quarter. New Potomac Partners LLC raised its stake in shares of Carnival by 0.7% in the fourth quarter. New Potomac Partners LLC now owns 30,530 shares of the company’s stock worth $1,505,000 after acquiring an additional 200 shares during the last quarter. Hanson McClain Inc. raised its stake in shares of Carnival by 16.4% during the fourth quarter. Hanson McClain Inc. now owns 1,424 shares of the company’s stock worth $70,000 after buying an additional 201 shares during the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in shares of Carnival by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 54,965 shares of the company’s stock worth $2,788,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 76.41% of the company’s stock.

A number of research firms recently weighed in on CCL. ValuEngine downgraded shares of Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Zacks Investment Research downgraded shares of Carnival from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Deutsche Bank reissued a “hold” rating and set a $59.00 price target on shares of Carnival in a research note on Wednesday, March 27th. Buckingham Research dropped their price target on shares of Carnival from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Finally, Standpoint Research downgraded shares of Carnival from a “buy” rating to a “hold” rating and set a $57.16 price target for the company. in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Carnival presently has a consensus rating of “Buy” and an average price target of $66.70.

In other Carnival news, CFO David Bernstein sold 24,682 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $57.08, for a total value of $1,408,848.56. Following the completion of the sale, the chief financial officer now owns 70,362 shares of the company’s stock, valued at $4,016,262.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Arnaldo Perez sold 5,691 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $57.08, for a total transaction of $324,842.28. Following the completion of the sale, the general counsel now directly owns 43,724 shares of the company’s stock, valued at approximately $2,495,765.92. The disclosure for this sale can be found here. Insiders sold 62,536 shares of company stock valued at $3,569,555 in the last ninety days. Insiders own 24.10% of the company’s stock.

Shares of NYSE:CCL opened at $55.71 on Wednesday. Carnival Corp has a 52 week low of $45.64 and a 52 week high of $67.69. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.10 and a beta of 1.23.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, March 26th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Carnival had a net margin of 16.03% and a return on equity of 12.30%. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. On average, research analysts anticipate that Carnival Corp will post 4.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, May 23rd. Carnival’s payout ratio is presently 46.95%.

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Carnival Company Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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