Ardevora Asset Management LLP lowered its holdings in Carnival Corporation (NYSE:CCL) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,700 shares of the company’s stock after selling 38,900 shares during the period. Ardevora Asset Management LLP owned about 0.07% of Carnival Corporation worth $24,776,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Pathstone Family Office LLC grew its position in Carnival Corporation by 200.0% in the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after purchasing an additional 38 shares in the last quarter. Vantage Financial Partners Ltd. Inc. bought a new position in Carnival Corporation in the second quarter valued at $289,000. Almanack Investment Partners LLC. bought a new position in Carnival Corporation in the second quarter valued at $117,000. Bessemer Group Inc. grew its position in Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after purchasing an additional 1,368 shares in the last quarter. Finally, Smithfield Trust Co. grew its position in shares of Carnival Corporation by 826.2% in the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after acquiring an additional 2,520 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.
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Shares of Carnival Corporation (CCL) traded up $0.01 during trading on Wednesday, reaching $66.03. 644,782 shares of the company’s stock traded hands, compared to its average volume of 3,192,341. Carnival Corporation has a twelve month low of $49.73 and a twelve month high of $69.89. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. The firm has a market cap of $47,380.00, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.09. The business had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.92 EPS. equities analysts forecast that Carnival Corporation will post 3.7 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.73%. Carnival Corporation’s payout ratio is presently 43.60%.
A number of research analysts have recently commented on CCL shares. Bank of America Corporation reissued a “buy” rating and issued a $73.20 price objective on shares of Carnival Corporation in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded shares of Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Carnival Corporation in a research report on Tuesday, August 15th. Finally, UBS AG reissued a “buy” rating and issued a $76.00 price objective (up previously from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Carnival Corporation currently has an average rating of “Buy” and an average target price of $67.43.
Carnival Corporation Company Profile
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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