Captrust Financial Advisors Grows Holdings in Carnival Corp (CCL)
Captrust Financial Advisors boosted its position in shares of Carnival Corp (NYSE:CCL) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,024 shares of the company’s stock after purchasing an additional 2,083 shares during the period. Captrust Financial Advisors’ holdings in Carnival were worth $997,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky increased its holdings in Carnival by 1.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 424,000 shares of the company’s stock worth $28,141,000 after purchasing an additional 6,200 shares in the last quarter. HBK Investments L P increased its holdings in Carnival by 174.0% during the 4th quarter. HBK Investments L P now owns 143,309 shares of the company’s stock worth $9,511,000 after purchasing an additional 91,009 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Carnival by 48.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,569,310 shares of the company’s stock worth $170,525,000 after purchasing an additional 841,421 shares in the last quarter. Avestar Capital LLC bought a new position in Carnival during the 4th quarter worth about $148,000. Finally, Honeycomb Asset Management LP bought a new position in Carnival during the 4th quarter worth about $6,637,000. Hedge funds and other institutional investors own 76.74% of the company’s stock.
Carnival Corp (NYSE:CCL) opened at $67.57 on Wednesday. Carnival Corp has a 1-year low of $56.73 and a 1-year high of $72.70. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $35,981.80, a PE ratio of 17.63, a P/E/G ratio of 1.13 and a beta of 0.80.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s payout ratio is currently 22.28%.
Several brokerages have recently weighed in on CCL. Zacks Investment Research cut Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Morgan Stanley upgraded Carnival from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $65.94 to $68.00 in a report on Wednesday, December 6th. Credit Suisse Group set a $72.00 price objective on Carnival and gave the company a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks restated a “buy” rating and issued a $84.00 price objective (up previously from $72.00) on shares of Carnival in a report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their price objective on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $73.84.
In other Carnival news, CEO Arnold W. Donald sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $71.66, for a total transaction of $573,280.00. Following the completion of the sale, the chief executive officer now directly owns 102,150 shares in the company, valued at $7,320,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $66.41, for a total transaction of $332,050.00. Following the sale, the chief executive officer now owns 132,376 shares of the company’s stock, valued at $8,791,090.16. The disclosure for this sale can be found here. Insiders have sold 336,364 shares of company stock valued at $22,626,561 in the last quarter. 23.80% of the stock is currently owned by corporate insiders.
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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