Landscape Capital Management L.L.C. boosted its holdings in Carnival Corp (NYSE:CCL) by 48.4% during the second quarter, Holdings Channel reports. The fund owned 78,544 shares of the company’s stock after purchasing an additional 25,609 shares during the period. Landscape Capital Management L.L.C.’s holdings in Carnival were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its position in Carnival by 8.2% during the 1st quarter. BlackRock Inc. now owns 30,754,347 shares of the company’s stock worth $1,559,860,000 after buying an additional 2,336,518 shares during the period. Geode Capital Management LLC grew its holdings in shares of Carnival by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 4,710,995 shares of the company’s stock worth $231,797,000 after purchasing an additional 292,550 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Carnival by 7.2% during the 1st quarter. Janus Henderson Group PLC now owns 4,361,100 shares of the company’s stock worth $221,207,000 after purchasing an additional 293,077 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Carnival by 8.6% during the 1st quarter. American Century Companies Inc. now owns 4,025,913 shares of the company’s stock worth $204,194,000 after purchasing an additional 318,308 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Carnival by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,364,611 shares of the company’s stock worth $165,861,000 after purchasing an additional 212,303 shares in the last quarter. Institutional investors and hedge funds own 74.43% of the company’s stock.
NYSE:CCL traded down $0.32 during trading hours on Thursday, hitting $44.39. The company’s stock had a trading volume of 263,424 shares, compared to its average volume of 3,918,516. The stock has a fifty day simple moving average of $46.17. The stock has a market capitalization of $23.56 billion, a P/E ratio of 10.40, a P/E/G ratio of 1.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.22. Carnival Corp has a twelve month low of $44.37 and a twelve month high of $67.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.51%. The ex-dividend date is Thursday, August 22nd. Carnival’s dividend payout ratio (DPR) is presently 46.95%.
CCL has been the topic of several analyst reports. SunTrust Banks reduced their target price on Carnival to $65.00 and set a “buy” rating on the stock in a report on Friday, June 21st. Wells Fargo & Co reduced their target price on Carnival from $67.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Wedbush reduced their target price on Carnival from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Nomura lowered Carnival from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $60.00 to $52.00 in a report on Thursday, June 20th. Finally, Zacks Investment Research lowered Carnival from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.26.
In other news, CEO Arnold W. Donald bought 22,050 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of $45.23 per share, for a total transaction of $997,321.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall J. Weisenburger bought 20,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average price of $46.50 per share, with a total value of $930,000.00. The disclosure for this purchase can be found here. Company insiders own 24.10% of the company’s stock.
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.
See Also: Return on Equity (ROE)
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