Bank of New York Mellon Corp lowered its stake in shares of Carnival Corp. (NYSE:CCL) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,554,133 shares of the company’s stock after selling 298,157 shares during the period. Bank of New York Mellon Corp owned approximately 0.90% of Carnival Corp. worth $319,974,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CCL. Banced Corp raised its position in shares of Carnival Corp. by 12.9% in the second quarter. Banced Corp now owns 11,474 shares of the company’s stock worth $570,000 after buying an additional 1,307 shares during the period. Quotient Investors LLC raised its position in shares of Carnival Corp. by 585.1% in the second quarter. Quotient Investors LLC now owns 43,845 shares of the company’s stock worth $1,938,000 after buying an additional 37,445 shares during the period. Forte Capital LLC ADV raised its position in shares of Carnival Corp. by 40.2% in the second quarter. Forte Capital LLC ADV now owns 14,667 shares of the company’s stock worth $648,000 after buying an additional 4,202 shares during the period. Trust Co raised its position in shares of Carnival Corp. by 7.6% in the first quarter. Trust Co now owns 9,074 shares of the company’s stock worth $479,000 after buying an additional 639 shares during the period. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of Carnival Corp. by 3.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 113,497 shares of the company’s stock worth $5,017,000 after buying an additional 3,777 shares during the period. Hedge funds and other institutional investors own 77.18% of the company’s stock.

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

Shares of Carnival Corp. (NYSE:CCL) opened at 52.06 on Tuesday. The stock’s 50 day moving average is $48.83 and its 200 day moving average is $47.40. Carnival Corp. has a 52-week low of $40.52 and a 52-week high of $55.77. The stock has a market cap of $38.00 billion, a price-to-earnings ratio of 16.19 and a beta of 0.66.

Carnival Corp. (NYSE:CCL) last issued its earnings results on Monday, September 26th. The company reported $1.92 earnings per share for the quarter, topping the 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 had revenue of $5.10 billion for the quarter. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that Carnival Corp. will post $3.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders 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 yield of 2.69%. Carnival Corp.’s payout ratio is currently 42.94%.

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A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $46.00 target price (down previously from $58.00) on shares of Carnival Corp. in a research note on Thursday, October 27th. SunTrust Banks Inc. set a $54.00 price objective on Carnival Corp. and gave the company a “buy” rating in a research note on Wednesday, October 19th. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price objective on shares of Carnival Corp. in a research note on Tuesday, September 27th. Wells Fargo & Co. reiterated a “buy” rating on shares of Carnival Corp. in a research note on Wednesday, September 28th. Finally, Sanford C. Bernstein started coverage on Carnival Corp. in a research note on Thursday, September 8th. They set a “market perform” rating and a $51.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $55.64.

In other news, CEO Arnold W. Donald sold 91,813 shares of the stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $46.67, for a total value of $4,284,912.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David Bernstein sold 4,030 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 47,256 shares in the company, valued at $2,324,050.08. The disclosure for this sale can be found here. Company insiders own 22.00% of the company’s stock.

About Carnival Corp.

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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