Aperio Group LLC Has $5,702,000 Stake in Carnival Corp. (CCL)
Aperio Group LLC decreased its stake in shares of Carnival Corp. (NYSE:CCL) by 0.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,795 shares of the company’s stock after selling 27 shares during the period. Aperio Group LLC’s holdings in Carnival Corp. were worth $5,702,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantitative Investment Management LLC acquired a new position in shares of Carnival Corp. during the third quarter valued at about $4,603,000. First Trust Advisors LP raised its position in shares of Carnival Corp. by 36.2% in the third quarter. First Trust Advisors LP now owns 459,664 shares of the company’s stock valued at $22,441,000 after buying an additional 122,157 shares during the period. NEXT Financial Group Inc raised its position in shares of Carnival Corp. by 142.3% in the third quarter. NEXT Financial Group Inc now owns 3,405 shares of the company’s stock valued at $166,000 after buying an additional 2,000 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Carnival Corp. by 1.1% in the third quarter. Mutual of America Capital Management LLC now owns 50,727 shares of the company’s stock valued at $2,476,000 after buying an additional 567 shares during the period. Finally, Palouse Capital Management Inc. raised its position in shares of Carnival Corp. by 3.1% in the third quarter. Palouse Capital Management Inc. now owns 72,340 shares of the company’s stock valued at $3,532,000 after buying an additional 2,177 shares during the period. Institutional investors and hedge funds own 77.18% of the company’s stock.
Carnival Corp. (NYSE:CCL) traded down 0.93% during midday trading on Monday, reaching $52.06. 2,336,220 shares of the company’s stock traded hands. Carnival Corp. has a 1-year low of $40.52 and a 1-year high of $55.77. The firm’s 50 day moving average price is $48.70 and its 200-day moving average price is $47.43. The company has a market capitalization of $38.00 billion, a PE ratio of 16.19 and a beta of 0.66.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings results on Monday, September 26th. The company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.03. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The company earned $5.10 billion during the quarter. During the same period in the prior year, the business earned $1.75 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts expect that Carnival Corp. will post $3.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 25th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $1.40 annualized dividend and a dividend yield of 2.69%. Carnival Corp.’s dividend payout ratio (DPR) is currently 42.94%.
Several research analysts have issued reports on the company. Sanford C. Bernstein upgraded Carnival Corp. from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $52.00 to $63.00 in a research report on Tuesday, November 22nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $46.00 target price (down previously 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 Carnival Corp. and gave the company a “buy” rating in a research report on Wednesday, October 19th. Macquarie assumed coverage on Carnival Corp. in a research report on Tuesday, October 4th. They set a “neutral” rating and a $55.00 target price for the company. Finally, HSBC assumed coverage on Carnival Corp. in a report on Monday, October 3rd. They issued a “buy” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Carnival Corp. has an average rating of “Buy” and an average target price of $55.64.
In related news, CFO David Bernstein sold 4,030 shares of Carnival Corp. stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $49.18, for a total transaction of $198,195.40. Following the sale, the chief financial officer now directly owns 47,256 shares in the company, valued at approximately $2,324,050.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Arnold W. Donald sold 91,813 shares of Carnival Corp. stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $46.67, for a total transaction of $4,284,912.71. The disclosure for this sale can be found here. Insiders own 22.00% of the company’s stock.
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.
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