Carnival Corp (CCL) Stake Increased by Marshall Wace North America L.P.

Marshall Wace North America L.P. lifted its holdings in Carnival Corp (NYSE:CCL) by 674.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,778 shares of the company’s stock after purchasing an additional 343,805 shares during the quarter. Marshall Wace North America L.P.’s holdings in Carnival were worth $25,175,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in 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 worth $224,733,000 after acquiring an additional 55,116 shares during the last quarter. Roof Advisory Group Inc. purchased a new position in Carnival in the 3rd quarter worth $815,000. Standard Life Aberdeen plc raised its stake in Carnival by 14.5% in the 2nd quarter. Standard Life Aberdeen plc now owns 184,148 shares of the company’s stock worth $10,554,000 after acquiring an additional 23,335 shares during the last quarter. Blue Chip Partners Inc. purchased a new position in Carnival in the 3rd quarter worth $248,000. Finally, Natixis raised its stake in Carnival by 20.8% in the 2nd quarter. Natixis now owns 60,570 shares of the company’s stock worth $3,471,000 after acquiring an additional 10,431 shares during the last quarter. 75.89% of the stock is owned by hedge funds and other institutional investors.

NYSE CCL opened at $56.73 on Friday. The stock has a market cap of $31.03 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 0.90 and a beta of 1.02. Carnival Corp has a fifty-two week low of $53.47 and a fifty-two week high of $72.70. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.34.

Carnival (NYSE:CCL) last released its quarterly earnings data on Thursday, September 27th. The company reported $2.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.80 billion. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $2.29 EPS. Analysts forecast that Carnival Corp will post 4.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.53%. Carnival’s dividend payout ratio is presently 52.36%.

In related news, General Counsel Arnaldo Perez sold 7,000 shares of Carnival stock in a transaction dated Monday, October 1st. The stock was 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. 23.80% of the stock is owned by insiders.

CCL has been the subject of a number of research analyst reports. ValuEngine upgraded Carnival from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Macquarie set a $55.00 target price on Carnival and gave the stock a “sell” rating in a research note on Friday, September 28th. Credit Suisse Group set a $75.00 target price on Carnival and gave the stock a “buy” rating in a research note on Thursday, September 27th. Bank of America set a $78.00 target price on Carnival and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Finally, Buckingham Research raised their target price on Carnival from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $72.93.

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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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