Victory Capital Management Inc. increased its position in Carnival Corp (NYSE:CCL) by 10.1% in the 4th quarter, Holdings Channel reports. The fund owned 49,692 shares of the company’s stock after purchasing an additional 4,565 shares during the period. Victory Capital Management Inc.’s holdings in Carnival were worth $3,298,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CCL. Shell Asset Management Co. increased its holdings in Carnival by 91.3% in the 3rd quarter. Shell Asset Management Co. now owns 62,743 shares of the company’s stock worth $2,520,000 after acquiring an additional 29,953 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in Carnival by 1.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 51,689 shares of the company’s stock worth $3,338,000 after acquiring an additional 796 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Carnival by 2,540.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock worth $17,046,000 after acquiring an additional 253,997 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Carnival by 42.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,138,032 shares of the company’s stock worth $138,054,000 after acquiring an additional 641,103 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Carnival by 7,457.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 66,358 shares of the company’s stock worth $4,284,000 after acquiring an additional 65,480 shares during the last quarter. 75.61% of the stock is owned by institutional investors.
Shares of Carnival Corp (NYSE:CCL) opened at $69.50 on Monday. The firm has a market capitalization of $37,124.93, a P/E ratio of 18.19, a P/E/G ratio of 1.17 and a beta of 0.75. Carnival Corp has a 12-month low of $54.75 and a 12-month high of $72.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14.
Carnival (NYSE:CCL) last released its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. Carnival’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. analysts expect that Carnival Corp will post 4.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.59%. Carnival’s payout ratio is 32.03%.
In other Carnival news, General Counsel Arnaldo Perez sold 8,567 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $68.73, for a total value of $588,809.91. Following the completion of the sale, the general counsel now owns 32,365 shares in the company, valued at $2,224,446.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sir Jonathon Band sold 3,840 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $69.59, for a total value of $267,225.60. The disclosure for this sale can be found here. Insiders sold a total of 336,364 shares of company stock valued at $22,622,361 in the last 90 days. 23.80% of the stock is currently owned by corporate insiders.
CCL has been the subject of several recent research reports. Barclays lifted their price objective on Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a report on Thursday, December 21st. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $65.94 to $68.00 in a report on Wednesday, December 6th. Zacks Investment Research raised Carnival from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Credit Suisse Group set a $72.00 target price on Carnival and gave the company a “hold” rating in a report on Tuesday, December 12th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Carnival in a report on Friday, December 22nd. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Carnival presently has an average rating of “Buy” and an average price target of $73.82.
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.
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp (NYSE:CCL).
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.