Private Advisor Group LLC lifted its stake in shares of Carnival Corp (NYSE:CCL) by 4.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,765 shares of the company’s stock after buying an additional 1,111 shares during the quarter. Private Advisor Group LLC’s holdings in Carnival were worth $1,231,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen Asset Management LLC increased its holdings in Carnival by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 34,308 shares of the company’s stock valued at $1,691,000 after buying an additional 179 shares during the period. Avestar Capital LLC lifted its position in shares of Carnival by 13.9% in the 1st quarter. Avestar Capital LLC now owns 1,609 shares of the company’s stock worth $77,000 after purchasing an additional 196 shares during the period. Manchester Capital Management LLC lifted its position in shares of Carnival by 9.7% in the 1st quarter. Manchester Capital Management LLC now owns 2,265 shares of the company’s stock worth $115,000 after purchasing an additional 200 shares during the period. Commonwealth Bank of Australia lifted its position in shares of Carnival by 0.3% in the 1st quarter. Commonwealth Bank of Australia now owns 71,898 shares of the company’s stock worth $3,639,000 after purchasing an additional 200 shares during the period. Finally, Hanson McClain Inc. lifted its position in shares of Carnival by 16.4% in the 4th quarter. Hanson McClain Inc. now owns 1,424 shares of the company’s stock worth $70,000 after purchasing an additional 201 shares during the period. Institutional investors own 74.98% of the company’s stock.
CCL has been the subject of a number of recent research reports. Deutsche Bank restated a “hold” rating and set a $59.00 price target on shares of Carnival in a research note on Wednesday, March 27th. Zacks Investment Research downgraded shares of Carnival from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Buckingham Research downgraded shares of Carnival from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $65.00 to $54.00 in a report on Monday, April 15th. ValuEngine downgraded shares of Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Finally, Goldman Sachs Group raised shares of Carnival from a “neutral” rating to a “buy” rating and increased their price target for the stock from $63.00 to $65.00 in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $66.28.
Shares of Carnival stock opened at $52.85 on Friday. The firm has a market capitalization of $28.13 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.22. Carnival Corp has a 52 week low of $45.64 and a 52 week high of $67.69.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Carnival had a return on equity of 12.30% and a net margin of 16.03%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. On average, equities analysts expect that Carnival Corp will post 4.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, May 23rd. Carnival’s dividend payout ratio is presently 46.95%.
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Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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