Russell Investments Group Ltd. raised its position in shares of Carnival Corp (NYSE:CCL) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,875 shares of the company’s stock after purchasing an additional 11,131 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Carnival worth $19,599,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Buckingham Capital Management Inc. grew its stake in shares of Carnival by 6.3% during the first quarter. Buckingham Capital Management Inc. now owns 18,255 shares of the company’s stock worth $926,000 after buying an additional 1,080 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Carnival during the second quarter worth $9,236,000. Norman Fields Gottscho Capital Management LLC grew its stake in shares of Carnival by 3.3% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 39,102 shares of the company’s stock worth $1,820,000 after buying an additional 1,245 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Carnival by 1.3% during the second quarter. Crossmark Global Holdings Inc. now owns 28,844 shares of the company’s stock worth $1,343,000 after buying an additional 378 shares during the last quarter. Finally, New England Research & Management Inc. grew its stake in shares of Carnival by 14.2% during the second quarter. New England Research & Management Inc. now owns 39,253 shares of the company’s stock worth $1,827,000 after buying an additional 4,875 shares during the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.
CCL remained flat at $$45.05 during trading on Friday. 2,686,600 shares of the company’s stock were exchanged, compared to its average volume of 4,154,623. The company has a quick ratio of 0.25, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $23.64 billion, a PE ratio of 10.58, a PEG ratio of 1.05 and a beta of 1.11. The company has a 50 day simple moving average of $43.50 and a 200-day simple moving average of $47.49. Carnival Corp has a twelve month low of $39.92 and a twelve month high of $62.52.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend 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 currently 46.95%.
CCL has been the topic of a number of research reports. Morgan Stanley decreased their target price on shares of Carnival from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, September 27th. UBS Group cut shares of Carnival from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $60.00 to $47.00 in a research note on Friday, September 27th. Macquarie set a $53.00 price objective on shares of Carnival and gave the stock a “buy” rating in a research note on Friday, September 27th. William Blair reissued a “hold” rating on shares of Carnival in a research note on Thursday, September 26th. Finally, Berenberg Bank reissued a “sell” rating on shares of Carnival in a research note on Saturday, November 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $52.40.
In other Carnival news, Director Sir Jonathon Band sold 5,000 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $40.83, for a total transaction of $204,150.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 24.10% of the company’s stock.
Carnival Company Profile
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: Retained Earnings
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