Carnival Corp (CCL) Shares Sold by Swiss National Bank
Swiss National Bank lessened its holdings in Carnival Corp (NYSE:CCL) by 0.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,482,600 shares of the company’s stock after selling 6,700 shares during the quarter. Swiss National Bank’s holdings in Carnival were worth $98,400,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new position in Carnival in the 4th quarter valued at $123,000. Grove Bank & Trust grew its position in Carnival by 367.8% in 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 during the last quarter. Smithfield Trust Co. grew its position in Carnival by 826.2% in the 3rd 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 during the last quarter. Nine Chapters Capital Management LLC bought a new position in Carnival in the 3rd quarter valued at $200,000. Finally, Clarus Wealth Advisors bought a new position in Carnival in the 4th quarter valued at $218,000. 75.07% of the stock is currently owned by institutional investors.
Carnival Corp (NYSE:CCL) opened at $69.09 on Tuesday. Carnival Corp has a 12-month low of $54.75 and a 12-month high of $72.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. The stock has a market capitalization of $49,010.00, a price-to-earnings ratio of 19.25, a PEG ratio of 1.13 and a beta of 0.75.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is currently 32.03%.
Several brokerages have commented on CCL. Wells Fargo & Co upped their price objective on Carnival from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday. Morgan Stanley upped their price objective on Carnival from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. ValuEngine raised Carnival from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group upped their price objective on Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.82.
In related news, CEO Stein Kruse sold 60,665 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $4,039,682.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Bernstein sold 2,600 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $69.59, for a total value of $180,934.00. Following the sale, the chief financial officer now owns 34,620 shares of the company’s stock, valued at $2,409,205.80. The disclosure for this sale can be found here. Insiders have sold a total of 313,627 shares of company stock valued at $21,059,647 over the last 90 days. 23.80% of the stock is currently owned by company insiders.
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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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