Carnival Cruise Line (CCL) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Carnival Cruise Line (NYSE:CCL) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,594,204 shares of the company’s stock after buying an additional 19,424 shares during the quarter. Carnival Cruise Line makes up approximately 1.1% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 27th largest position. Fort Washington Investment Advisors Inc. OH owned approximately 0.30% of Carnival Cruise Line worth $104,548,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in Carnival Cruise Line 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 purchasing an additional 2,421,339 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Carnival Cruise Line by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,558,924 shares of the company’s stock valued at $236,204,000 after purchasing an additional 39,803 shares during the last quarter. Two Sigma Advisers LP raised its stake in Carnival Cruise Line by 48.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,569,310 shares of the company’s stock valued at $170,525,000 after purchasing an additional 841,421 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Carnival Cruise Line by 5.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,255,650 shares of the company’s stock valued at $149,711,000 after purchasing an additional 117,618 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Carnival Cruise Line by 8.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,927,835 shares of the company’s stock valued at $127,950,000 after purchasing an additional 156,469 shares during the last quarter. 77.16% of the stock is owned by institutional investors and hedge funds.

Carnival Cruise Line stock traded down $0.12 during midday trading on Thursday, reaching $65.34. 58,055 shares of the stock traded hands, compared to its average volume of 3,395,052. Carnival Cruise Line has a 12-month low of $65.12 and a 12-month high of $65.99. The stock has a market capitalization of $34.82 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.19 and a quick ratio of 0.14.

Carnival Cruise Line (NYSE:CCL) last announced its earnings results on Thursday, March 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. Carnival Cruise Line had a return on equity of 11.97% and a net margin of 14.73%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the business posted $0.38 EPS. Carnival Cruise Line’s revenue for the quarter was up 11.6% on a year-over-year basis. equities research analysts anticipate that Carnival Cruise Line will post 4.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 25th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.06%. This is a boost from Carnival Cruise Line’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 24th. Carnival Cruise Line’s dividend payout ratio (DPR) is 20.94%.

Several brokerages have issued reports on CCL. ValuEngine upgraded Carnival Cruise Line from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays upgraded Carnival Cruise Line from an “equal weight” rating to an “overweight” rating and set a $77.00 target price for the company in a report on Friday, March 23rd. Stifel Nicolaus upped their target price on Carnival Cruise Line from $80.00 to $81.00 and gave the company a “buy” rating in a report on Monday, March 19th. Credit Suisse Group upped their target price on Carnival Cruise Line from $78.10 to $79.50 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Wells Fargo upped their target price on Carnival Cruise Line from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Eight research 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 company’s stock. The stock has a consensus rating of “Buy” and an average price target of $74.43.

In other Carnival Cruise Line news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $64.49, for a total value of $322,450.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Arnaldo Perez sold 7,000 shares of the stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $64.01, for a total value of $448,070.00. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $1,623,520 in the last ninety days. 23.80% of the stock is owned by corporate insiders.

Carnival Cruise Line 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.

Institutional Ownership by Quarter for Carnival Cruise Line (NYSE:CCL)

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