Birch Hill Investment Advisors LLC trimmed its position in shares of Carnival Corporation (NYSE:CCL) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,851 shares of the company’s stock after selling 2,350 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Carnival were worth $9,095,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Almanack Investment Partners LLC. bought a new stake in Carnival during the 2nd quarter valued at approximately $117,000. Grove Bank & Trust boosted its position in Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after acquiring an additional 1,600 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Carnival by 109.4% during the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after purchasing an additional 1,368 shares during the last quarter. Smithfield Trust Co. lifted its holdings in shares of Carnival by 826.2% during the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after purchasing an additional 2,520 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its holdings in shares of Carnival by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after purchasing an additional 40 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Carnival Corporation (NYSE:CCL) opened at $66.91 on Monday. Carnival Corporation has a 1-year low of $50.77 and a 1-year high of $69.89. The firm has a market cap of $35,852.79, a P/E ratio of 17.33, a P/E/G ratio of 1.19 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 (NYSE:CCL) last announced its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The company had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the business earned $1.92 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. analysts anticipate that Carnival Corporation will post 3.7 earnings per share for the current year.

The business 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from Carnival’s previous quarterly dividend of $0.40. Carnival’s payout ratio is 43.72%.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of Carnival stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $65.57, for a total value of $327,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 100,903 shares of company stock valued at $6,782,771. 23.80% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on the stock. Nomura reiterated a “buy” rating and set a $75.00 target price on shares of Carnival in a report on Friday, September 29th. Instinet reiterated a “buy” rating and set a $75.00 target price on shares of Carnival in a report on Monday, October 2nd. Argus reiterated a “neutral” rating and set a $67.00 target price (down from $78.00) on shares of Carnival in a report on Thursday, September 28th. Credit Suisse Group reiterated a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $79.00 target price (up from $74.00) on shares of Carnival in a report on Wednesday, September 27th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $67.73.

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Carnival 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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