Carnival Corp (CCL) Shares Bought by Deutsche Bank AG
Deutsche Bank AG increased its holdings in Carnival Corp (NYSE:CCL) by 95.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,846,447 shares of the company’s stock after acquiring an additional 900,472 shares during the quarter. Deutsche Bank AG’s holdings in Carnival were worth $122,543,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of CCL. Raymond James Financial Services Advisors Inc. lifted its holdings in Carnival by 5.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 676,100 shares of the company’s stock worth $43,656,000 after purchasing an additional 34,540 shares in the last quarter. Victory Capital Management Inc. increased its stake in Carnival by 30.6% in the 3rd quarter. Victory Capital Management Inc. now owns 45,127 shares of the company’s stock worth $2,914,000 after acquiring an additional 10,578 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Carnival by 16.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 21,757 shares of the company’s stock worth $1,405,000 after acquiring an additional 3,107 shares during the last quarter. Swiss National Bank increased its stake in Carnival by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,489,300 shares of the company’s stock worth $96,164,000 after acquiring an additional 11,700 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its stake in Carnival by 15.1% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,555 shares of the company’s stock worth $488,000 after acquiring an additional 993 shares during the last quarter. 75.73% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on the company. ValuEngine raised Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Stifel Nicolaus lifted their price objective on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research reaffirmed a “buy” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Finally, Barclays lifted their price objective on Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 21st. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Carnival has an average rating of “Buy” and a consensus target price of $73.84.
Carnival (NYSE:CCL) last released its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. analysts forecast that Carnival Corp will post 4.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio is currently 22.28%.
In other Carnival news, 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 transaction, the chief financial officer now owns 34,620 shares of the company’s stock, valued at approximately $2,409,205.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Arnold W. Donald sold 8,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $71.66, for a total value of $573,280.00. Following the completion of the transaction, the chief executive officer now directly owns 102,150 shares in the company, valued at approximately $7,320,069. The disclosure for this sale can be found here. In the last three months, insiders have sold 336,364 shares of company stock worth $22,626,561. Corporate insiders own 23.80% of the company’s stock.
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.
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