Pennsylvania Trust Co lowered its stake in shares of Carnival Corp. (NYSE:CCL) by 8.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,468 shares of the company’s stock after selling 10,073 shares during the period. Pennsylvania Trust Co’s holdings in Carnival Corp. were worth $5,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Capital Analysts LLC raised its stake in shares of Carnival Corp. by 3.7% in the second quarter. Capital Analysts LLC now owns 3,316 shares of the company’s stock valued at $147,000 after buying an additional 118 shares during the period. Hall Laurie J Trustee raised its stake in shares of Carnival Corp. by 6.9% in the second quarter. Hall Laurie J Trustee now owns 3,550 shares of the company’s stock valued at $162,000 after buying an additional 230 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Carnival Corp. by 4.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the company’s stock valued at $182,000 after buying an additional 162 shares during the period. Intrust Bank NA acquired a new stake in shares of Carnival Corp. during the second quarter valued at about $202,000. Finally, LSV Asset Management acquired a new stake in shares of Carnival Corp. during the second quarter valued at about $217,000. 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) traded up 2.23% during trading on Tuesday, hitting $53.22. 4,152,852 shares of the company traded hands. The company has a 50-day moving average of $48.83 and a 200-day moving average of $47.40. The stock has a market capitalization of $38.85 billion, a PE ratio of 16.55 and a beta of 0.66. Carnival Corp. has a 52-week low of $40.52 and a 52-week high of $55.77.

Carnival Corp. (NYSE:CCL) last issued its quarterly earnings data on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.03. The firm had revenue of $5.10 billion for the quarter. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 earnings per share. Equities analysts expect that Carnival Corp. will post $3.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 25th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, November 22nd. Carnival Corp.’s payout ratio is currently 42.94%.

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Several equities analysts have weighed in on CCL shares. SunTrust Banks Inc. set a $54.00 price target on shares of Carnival Corp. and gave the company a “buy” rating in a report on Wednesday, October 19th. Buckingham Research lifted their price target on shares of Carnival Corp. from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, September 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price target on shares of Carnival Corp. in a report on Tuesday, September 27th. Nomura lowered their target price on shares of Carnival Corp. from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, September 27th. Finally, Bank of America Corp. set a $53.40 target price on shares of Carnival Corp. and gave the stock a “buy” rating in a report on Wednesday, September 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. Carnival Corp. presently has a consensus rating of “Buy” and a consensus price target of $55.64.

In other news, CEO Arnold W. Donald sold 91,813 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David Bernstein sold 4,030 shares of the business’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 directly owns 47,256 shares in the company, valued at approximately $2,324,050.08. The disclosure for this sale can be found here. Company 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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