SG Americas Securities LLC raised its holdings in Carnival Corp (NYSE:CCL) by 358.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 212,871 shares of the company’s stock after acquiring an additional 166,488 shares during the quarter. SG Americas Securities LLC’s holdings in Carnival were worth $9,305,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Manchester Financial Inc. acquired a new position in Carnival in the second quarter valued at approximately $26,000. Doyle Wealth Management acquired a new position in Carnival in the second quarter valued at approximately $26,000. Lenox Wealth Advisors LLC acquired a new position in Carnival in the third quarter valued at approximately $28,000. Stonebridge Capital Advisors LLC acquired a new position in Carnival in the second quarter valued at approximately $29,000. Finally, Massey Quick Simon & CO. LLC lifted its stake in Carnival by 579.6% in the third quarter. Massey Quick Simon & CO. LLC now owns 700 shares of the company’s stock valued at $31,000 after buying an additional 597 shares during the period. 75.20% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CCL remained flat at $$45.05 on Friday. The company had a trading volume of 2,686,600 shares, compared to its average volume of 4,154,623. The stock has a market capitalization of $23.64 billion, a PE ratio of 10.58, a P/E/G ratio of 1.05 and a beta of 1.11. The business has a 50-day moving average price of $43.50 and a two-hundred day moving average price of $47.49. Carnival Corp has a twelve month low of $39.92 and a twelve month high of $62.52. The company has a quick ratio of 0.25, a current ratio of 0.30 and a debt-to-equity ratio of 0.35.
Carnival (NYSE:CCL) last released its quarterly earnings results on Thursday, September 26th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.10. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.18 billion. Carnival had a return on equity of 12.67% and a net margin of 14.93%. Sell-side analysts predict that Carnival Corp will post 4.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.44%. Carnival’s dividend payout ratio (DPR) is presently 46.95%.
Several brokerages have issued reports on CCL. Stifel Nicolaus dropped their price target on Carnival from $62.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. William Blair reaffirmed a “hold” rating on shares of Carnival in a research report on Thursday, September 26th. Citigroup lowered their target price on Carnival from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Macquarie set a $53.00 target price on Carnival and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Deutsche Bank set a $46.00 target price on Carnival and gave the stock a “hold” rating in a research report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. Carnival has an average rating of “Hold” and an average target price of $52.40.
In other news, Director Sir Jonathon Band sold 5,000 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $40.83, for a total transaction of $204,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.10% of the stock is owned by corporate insiders.
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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