Prudential Financial Inc. trimmed its holdings in shares of Carnival Corporation (NYSE:CCL) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 581,614 shares of the company’s stock after selling 88,020 shares during the quarter. Prudential Financial Inc. owned 0.08% of Carnival Corporation worth $37,555,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CCL. Alliancebernstein L.P. increased its position in shares of Carnival Corporation by 316.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock worth $277,772,000 after purchasing an additional 3,220,191 shares during the last quarter. Janus Henderson Group PLC grew its position in Carnival Corporation by 115.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock valued at $202,505,000 after acquiring an additional 1,655,345 shares in the last quarter. Numeric Investors LLC grew its position in Carnival Corporation by 160.4% in the 2nd quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after acquiring an additional 1,488,366 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Carnival Corporation by 4,220.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,496,929 shares of the company’s stock valued at $98,154,000 after acquiring an additional 1,462,278 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Carnival Corporation by 657.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,252,031 shares of the company’s stock valued at $82,095,000 after acquiring an additional 1,086,627 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Carnival Corporation (NYSE CCL) opened at C$64.66 on Monday. Carnival Corporation has a 52 week low of C$49.50 and a 52 week high of C$69.89. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $34,647.16, a P/E ratio of 16.75, a PEG ratio of 1.32 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 26th. The company reported C$2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.20 by C$0.09. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The business had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.39 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. research analysts forecast that Carnival Corporation will post 3.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. Carnival Corporation’s dividend payout ratio is currently 43.72%.
Several equities analysts have weighed in on the company. UBS AG reaffirmed a “buy” rating and issued a $76.00 target price (up from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Zacks Investment Research downgraded Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub raised Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Credit Suisse Group reissued a “neutral” rating on shares of Carnival Corporation in a research report on Thursday, September 28th. Finally, Bank of America Corporation reissued a “buy” rating and set a $73.20 price objective on shares of Carnival Corporation in a research report on Monday, July 24th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$67.43.
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In related news, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of C$65.43, for a total transaction of C$327,150.00. Following the transaction, the chief executive officer now owns 115,572 shares of the company’s stock, valued at C$7,561,875.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.80% of the company’s stock.
About Carnival Corporation
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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