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.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. research analysts forecast that Carnival Corp will post 4.27 earnings per share for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: “Carnival Corp (CCL) Shares Sold by Swiss National Bank” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2018/02/13/carnival-corp-ccl-shares-sold-by-swiss-national-bank.html.

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.

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp (NYSE:CCL).

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.