Commerzbank Aktiengesellschaft FI raised its stake in shares of Carnival Corporation (NYSE:CCL) by 826.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,978 shares of the company’s stock after acquiring an additional 122,200 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Carnival were worth $8,845,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pathstone Family Office LLC raised its holdings in shares of Carnival by 200.0% in the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after buying an additional 38 shares during the last quarter. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Carnival in the second quarter valued at about $289,000. Almanack Investment Partners LLC. acquired a new stake in Carnival in the second quarter worth about $117,000. Grove Bank & Trust increased its position in Carnival by 367.8% in the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after purchasing an additional 1,600 shares during the period. Finally, Bessemer Group Inc. increased its position in Carnival by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after purchasing an additional 1,368 shares during the period. 75.94% of the stock is owned by institutional investors.

Shares of Carnival Corporation (NYSE:CCL) opened at $66.00 on Friday. The company has a market capitalization of $35,177.63, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16. Carnival Corporation has a 12 month low of $49.84 and a 12 month high of $69.89.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. Carnival had a return on equity of 12.15% and a net margin of 15.53%. The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations 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 expect that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. This is a boost from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio is currently 43.72%.

A number of analysts recently commented on the company. Zacks Investment Research lowered Carnival from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Goldman Sachs Group reiterated a “neutral” rating on shares of Carnival in a research report on Tuesday, August 15th. Susquehanna Bancshares boosted their target price on Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a research report on Monday, September 25th. Credit Suisse Group restated a “neutral” rating on shares of Carnival in a research report on Thursday, September 28th. Finally, Instinet restated a “buy” rating and set a $75.00 target price on shares of Carnival in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $67.71.

In related news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the transaction, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.80% of the company’s stock.

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Carnival Company Profile

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.

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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