Pennsylvania Trust Co cut its holdings in shares of Carnival Corporation (NYSE:CCL) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,393 shares of the company’s stock after selling 1,655 shares during the period. Pennsylvania Trust Co’s holdings in Carnival were worth $11,641,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pathstone Family Office LLC grew its stake in shares of Carnival by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after acquiring an additional 38 shares in the last quarter. Grove Bank & Trust grew its stake in shares of Carnival by 367.8% during the third 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. Smithfield Trust Co. grew its stake 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 acquiring an additional 2,520 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake 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 acquiring an additional 40 shares in the last quarter. Finally, Sun Life Financial INC grew its stake in shares of Carnival by 23,315.4% during the second quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock valued at $200,000 after acquiring an additional 3,031 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Carnival Corporation (NYSE CCL) opened at $69.69 on Tuesday. The company has a market capitalization of $37,342.41, a PE ratio of 19.41, a P/E/G ratio of 1.18 and a beta of 0.73. Carnival Corporation has a 52 week low of $52.65 and a 52 week high of $69.89. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. analysts anticipate that Carnival Corporation will post 4.24 EPS for the current fiscal year.

In other Carnival news, General Counsel Arnaldo Perez sold 15,166 shares of the firm’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $66.59, for a total value of $1,009,903.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the completion of the transaction, the chief executive officer now directly owns 115,572 shares in the company, valued at approximately $7,561,875.96. The disclosure for this sale can be found here. Insiders sold 263,642 shares of company stock worth $17,567,018 in the last three months. 23.80% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on CCL shares. Tigress Financial restated a “buy” rating on shares of Carnival in a research note on Friday, December 22nd. Zacks Investment Research downgraded Carnival from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Deutsche Bank raised their target price on Carnival to $70.00 and gave the company a “hold” rating in a research note on Wednesday, December 20th. Credit Suisse Group upgraded Carnival from a “neutral” rating to an “outperform” rating and raised their target price for the company from $66.05 to $70.00 in a research note on Tuesday, January 9th. Finally, Instinet reiterated a “buy” rating and issued a $75.00 price target on shares of Carnival in a research note on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Carnival currently has an average rating of “Buy” and a consensus target price of $72.78.

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About Carnival

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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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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