20,528 Shares in Carnival Corporation $CCL Acquired by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. bought a new position in shares of Carnival Corporation (NYSE:CCL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 20,528 shares of the company’s stock, valued at approximately $627,000.

Several other large investors have also recently added to or reduced their stakes in CCL. Vanguard Personalized Indexing Management LLC lifted its holdings in Carnival by 5.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 133,409 shares of the company’s stock worth $4,074,000 after buying an additional 6,404 shares in the last quarter. Sargent Investment Group LLC increased its holdings in shares of Carnival by 8.6% in the 4th quarter. Sargent Investment Group LLC now owns 17,814 shares of the company’s stock valued at $544,000 after acquiring an additional 1,410 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in shares of Carnival during the fourth quarter worth $32,000. Focus Partners Wealth grew its position in shares of Carnival by 21.8% during the 4th quarter. Focus Partners Wealth now owns 767,664 shares of the company’s stock valued at $23,444,000 after buying an additional 137,604 shares during the last quarter. Finally, Infusive Asset Management Inc. increased its position in Carnival by 42.1% in the fourth quarter. Infusive Asset Management Inc. now owns 134,568 shares of the company’s stock worth $4,110,000 after buying an additional 39,874 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Stock Up 3.2%

NYSE CCL opened at $30.10 on Tuesday. Carnival Corporation has a 1-year low of $22.58 and a 1-year high of $34.03. The company has a market cap of $37.30 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.29 and a beta of 2.32. The company has a 50 day moving average of $26.93 and a 200-day moving average of $28.18. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82.

Carnival (NYSE:CCL) last issued its earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same period last year, the business earned $0.13 EPS. Carnival’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Carnival Corporation will post 2.22 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, May 18th. Carnival’s dividend payout ratio (DPR) is presently 26.67%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Loop Capital initiated coverage on shares of Carnival in a research note on Monday, June 1st. They set a “buy” rating and a $36.00 price objective on the stock. UBS Group reduced their price objective on shares of Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Truist Financial cut their price objective on Carnival from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Friday, May 22nd. Susquehanna reduced their target price on shares of Carnival from $40.00 to $30.00 and set a “positive” rating for the company in a research note on Monday, March 23rd. Finally, HSBC upgraded Carnival from a “hold” rating to a “buy” rating and decreased their target price for the stock from $33.60 to $30.10 in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and an average price target of $34.85.

Insider Activity

In other news, Director Sir Jonathon Band sold 11,988 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the transaction, the director directly owned 52,601 shares in the company, valued at $1,377,620.19. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the completion of the transaction, the insider owned 69,238 shares in the company, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 55,058 shares of company stock valued at $1,524,195. 7.90% of the stock is owned by company insiders.

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.