Victory Capital Management Inc. Has $2.91 Million Holdings in Carnival Corporation (CCL)
Victory Capital Management Inc. grew its holdings in shares of Carnival Corporation (NYSE:CCL) by 30.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,127 shares of the company’s stock after buying an additional 10,578 shares during the quarter. Victory Capital Management Inc.’s holdings in Carnival Corporation were worth $2,914,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of CCL. FMR LLC lifted its position in Carnival Corporation by 8.0% during the 1st quarter. FMR LLC now owns 226,744 shares of the company’s stock worth $13,358,000 after buying an additional 16,719 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Carnival Corporation during the 2nd quarter worth about $249,000. Fisher Asset Management LLC bought a new stake in Carnival Corporation during the 2nd quarter worth about $670,000. State of Alaska Department of Revenue lifted its position in Carnival Corporation by 57.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,404 shares of the company’s stock worth $485,000 after buying an additional 2,714 shares in the last quarter. Finally, Aperio Group LLC lifted its position in Carnival Corporation by 16.2% during the 2nd quarter. Aperio Group LLC now owns 165,333 shares of the company’s stock worth $10,841,000 after buying an additional 23,045 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.
Carnival Corporation (NYSE:CCL) opened at $66.22 on Friday. Carnival Corporation has a fifty-two week low of $49.73 and a fifty-two week high of $69.89. The firm has a market cap of $47,240.00, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32.
Carnival Corporation (NYSE:CCL) last announced its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. equities research analysts anticipate that Carnival Corporation will post 3.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, November 22nd. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. Carnival Corporation’s dividend payout ratio is presently 43.60%.
Several equities research analysts have commented on CCL shares. Bank of America Corporation reissued a “buy” rating and set a $73.20 price target on shares of Carnival Corporation in a research report on Monday, July 24th. Zacks Investment Research cut shares of Carnival Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut shares of Carnival Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. The Goldman Sachs Group, Inc. reaffirmed a “neutral” rating on shares of Carnival Corporation in a report on Tuesday, August 15th. Finally, UBS AG reaffirmed a “buy” rating and issued a $76.00 target price (up from $67.00) on shares of Carnival Corporation in a report on Thursday, August 17th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Carnival Corporation has an average rating of “Buy” and an average price target of $67.43.
In other Carnival Corporation news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the transaction, the chief executive officer now owns 115,572 shares in the company, valued at approximately $7,561,875.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 23.80% of the company’s stock.
About Carnival Corporation
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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