TRUE Private Wealth Advisors Takes Position in Carnival Corp (CCL)

TRUE Private Wealth Advisors bought a new position in Carnival Corp (NYSE:CCL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,120 shares of the company’s stock, valued at approximately $199,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deltec Asset Management LLC bought a new stake in shares of Carnival in the 3rd quarter worth about $1,275,000. Aperio Group LLC increased its position in shares of Carnival by 1.8% in the 3rd quarter. Aperio Group LLC now owns 253,785 shares of the company’s stock worth $16,184,000 after purchasing an additional 4,528 shares during the last quarter. Davis R M Inc. increased its position in shares of Carnival by 16.2% in the 3rd quarter. Davis R M Inc. now owns 293,501 shares of the company’s stock worth $18,717,000 after purchasing an additional 41,024 shares during the last quarter. Rothschild Investment Corp IL increased its position in shares of Carnival by 12.0% in the 3rd quarter. Rothschild Investment Corp IL now owns 16,823 shares of the company’s stock worth $1,073,000 after purchasing an additional 1,800 shares during the last quarter. Finally, BB&T Corp increased its position in shares of Carnival by 225.0% in the 3rd quarter. BB&T Corp now owns 99,048 shares of the company’s stock worth $6,316,000 after purchasing an additional 68,574 shares during the last quarter. 76.42% of the stock is owned by institutional investors.

Shares of NYSE:CCL opened at $57.23 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.34. The stock has a market cap of $30.31 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. Carnival Corp has a fifty-two week low of $56.45 and a fifty-two week high of $72.70.

Carnival (NYSE:CCL) last posted its earnings results on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.04. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.80 billion. Carnival had a net margin of 17.15% and a return on equity of 12.30%. Carnival’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.29 EPS. On average, equities analysts expect that Carnival Corp will post 4.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, November 21st. Carnival’s payout ratio is 52.36%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Carnival from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Berenberg Bank raised shares of Carnival from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. ValuEngine raised shares of Carnival from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Barclays lowered their price objective on shares of Carnival from $77.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, June 27th. Finally, Wells Fargo & Co lowered their price objective on shares of Carnival from $80.00 to $76.00 and set an “outperform” rating for the company in a research report on Tuesday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $72.86.

In other Carnival news, General Counsel Arnaldo Perez sold 7,000 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $64.26, for a total transaction of $449,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.80% of the company’s stock.

Carnival 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.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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