Trinity Street Asset Management LLP increased its position in shares of Carnival Corp. (NYSE:CCL) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 963,032 shares of the company’s stock after buying an additional 10,366 shares during the period. Carnival Corp. accounts for about 8.2% of Trinity Street Asset Management LLP’s holdings, making the stock its 2nd largest position. Trinity Street Asset Management LLP owned 0.13% of Carnival Corp. worth $47,015,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. increased its stake in Carnival Corp. by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,146,131 shares of the company’s stock worth $536,859,000 after buying an additional 131,094 shares during the last quarter. BlackRock Fund Advisors increased its stake in Carnival Corp. by 9.1% in the second quarter. BlackRock Fund Advisors now owns 5,376,313 shares of the company’s stock worth $237,633,000 after buying an additional 448,868 shares during the last quarter. American Century Companies Inc. increased its stake in Carnival Corp. by 21.7% in the second quarter. American Century Companies Inc. now owns 4,199,272 shares of the company’s stock worth $185,608,000 after buying an additional 750,017 shares during the last quarter. BlackRock Group LTD increased its stake in Carnival Corp. by 4.1% in the second quarter. BlackRock Group LTD now owns 3,866,114 shares of the company’s stock worth $170,881,000 after buying an additional 153,338 shares during the last quarter. Finally, BlackRock Investment Management LLC increased its stake in Carnival Corp. by 22.5% in the second quarter. BlackRock Investment Management LLC now owns 2,906,313 shares of the company’s stock worth $128,459,000 after buying an additional 534,066 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Institutional Ownership by Quarter for Carnival Corp. (NYSE:CCL)

Carnival Corp. (NYSE:CCL) traded down 0.47% during trading on Monday, reaching $51.26. 3,345,230 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $48.37 and a 200-day moving average of $47.37. The stock has a market cap of $37.42 billion, a PE ratio of 15.94 and a beta of 0.66. Carnival Corp. has a 12 month low of $40.52 and a 12 month high of $55.77.

Carnival Corp. (NYSE:CCL) last announced its quarterly earnings results on Monday, September 26th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. Carnival Corp. had a return on equity of 10.76% and a net margin of 15.10%. The company earned $5.10 billion during the quarter. During the same period in the previous year, the business earned $1.75 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Corp. will post $3.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 25th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, November 22nd. Carnival Corp.’s payout ratio is 42.94%.

Several research firms recently commented on CCL. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $46.00 target price (down from $58.00) on shares of Carnival Corp. in a research report on Thursday, October 27th. SunTrust Banks Inc. set a $54.00 target price on shares of Carnival Corp. and gave the stock a “buy” rating in a research report on Wednesday, October 19th. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price on shares of Carnival Corp. in a research report on Tuesday, September 27th. Wells Fargo & Co. reiterated a “buy” rating on shares of Carnival Corp. in a research report on Wednesday, September 28th. Finally, Sanford C. Bernstein began coverage on shares of Carnival Corp. in a research report on Thursday, September 8th. They set a “market perform” rating and a $51.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. Carnival Corp. currently has an average rating of “Buy” and a consensus target price of $55.07.

In related news, CFO David Bernstein sold 4,030 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total value of $198,195.40. Following the completion of the sale, the chief financial officer now owns 47,256 shares of the company’s stock, valued at $2,324,050.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Arnold W. Donald sold 91,813 shares of the stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $46.67, for a total value of $4,284,912.71. The disclosure for this sale can be found here. 22.00% of the stock is owned by corporate insiders.

Carnival Corp. Company Profile

Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.

5 Day Chart for NYSE:CCL

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