Rhumbline Advisers lifted its holdings in Carnival Corp (NYSE:CCL) by 1.8% in the fourth quarter, Holdings Channel reports. The fund owned 732,132 shares of the company’s stock after buying an additional 12,684 shares during the period. Rhumbline Advisers’ holdings in Carnival were worth $48,592,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Boothbay Fund Management LLC raised its holdings in Carnival by 6.5% during the 3rd quarter. Boothbay Fund Management LLC now owns 12,888 shares of the company’s stock valued at $832,000 after buying an additional 788 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in Carnival by 1.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 51,689 shares of the company’s stock valued at $3,338,000 after buying an additional 796 shares during the last quarter. Global X Management Co. LLC raised its holdings in Carnival by 11.0% during the 4th quarter. Global X Management Co. LLC now owns 8,385 shares of the company’s stock valued at $557,000 after buying an additional 830 shares during the last quarter. HL Financial Services LLC raised its holdings in Carnival by 7.9% during the 4th quarter. HL Financial Services LLC now owns 11,465 shares of the company’s stock valued at $761,000 after buying an additional 840 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in Carnival by 1.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 46,477 shares of the company’s stock valued at $3,001,000 after buying an additional 878 shares during the last quarter. Hedge funds and other institutional investors own 75.61% of the company’s stock.
A number of equities research analysts recently commented on CCL shares. Zacks Investment Research lowered shares of Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Morgan Stanley upgraded shares of Carnival from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $65.94 to $68.00 in a report on Wednesday, December 6th. Credit Suisse Group set a $72.00 price target on shares of Carnival and gave the company a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks reiterated a “buy” rating and set a $84.00 price target (up from $72.00) on shares of Carnival in a report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price target on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Carnival has a consensus rating of “Buy” and a consensus target price of $73.82.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. equities research analysts predict that Carnival Corp will post 4.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s payout ratio is currently 32.03%.
In other news, CFO David Bernstein sold 5,999 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $68.73, for a total value of $412,311.27. Following the sale, the chief financial officer now directly owns 43,775 shares of the company’s stock, valued at approximately $3,008,655.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the chief executive officer now directly owns 115,572 shares in the company, valued at $7,858,896. The disclosure for this sale can be found here. Over the last three months, insiders have sold 336,364 shares of company stock worth $22,622,361. Insiders own 23.80% of the company’s stock.
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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