Guggenheim Capital LLC decreased its holdings in Carnival Corp (NYSE:CCL) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 553,276 shares of the company’s stock after selling 24,281 shares during the period. Guggenheim Capital LLC owned about 0.10% of Carnival worth $36,720,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of Carnival by 8.8% in the 4th quarter. BlackRock Inc. now owns 29,804,490 shares of the company’s stock valued at $1,978,124,000 after buying an additional 2,421,339 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Carnival in the 4th quarter valued at approximately $101,712,000. Capital Growth Management LP bought a new stake in shares of Carnival in the 3rd quarter valued at approximately $65,539,000. Deutsche Bank AG grew its stake in shares of Carnival by 95.2% in the 4th quarter. Deutsche Bank AG now owns 1,846,447 shares of the company’s stock valued at $122,543,000 after buying an additional 900,472 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Carnival by 14.1% in the 3rd quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock valued at $227,614,000 after buying an additional 436,941 shares in the last quarter. Institutional investors own 76.72% of the company’s stock.
In other news, CEO Stein Kruse sold 60,665 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $4,039,682.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Bernstein sold 2,600 shares of the 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 $180,934.00. Following the completion of the sale, the chief financial officer now directly owns 34,620 shares of the company’s stock, valued at $2,409,205.80. The disclosure for this sale can be found here. Insiders sold 333,364 shares of company stock valued at $22,422,561 over the last three months. 23.80% of the stock is owned by company insiders.
Shares of Carnival Corp (NYSE CCL) opened at $67.63 on Tuesday. The stock has a market capitalization of $35,741.42, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.12 and a beta of 0.80. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29. Carnival Corp has a 12-month low of $57.09 and a 12-month high of $72.70.
Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the business earned $0.67 earnings per share. Carnival’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities analysts forecast that Carnival Corp will post 4.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were given a $0.45 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.66%. Carnival’s dividend payout ratio is 22.28%.
Several brokerages recently commented on CCL. Credit Suisse Group boosted their price target on Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a research note on Thursday, January 25th. ValuEngine raised Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on Carnival from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Buckingham Research reissued a “buy” rating and issued a $84.00 price target (up previously from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus boosted their price target on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Carnival has an average rating of “Buy” and an average price target of $73.90.
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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