Jolley Asset Management LLC boosted its stake in Carnival Corp (NYSE:CCL) by 3.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,610 shares of the company’s stock after buying an additional 3,181 shares during the quarter. Carnival makes up 2.8% of Jolley Asset Management LLC’s investment portfolio, making the stock its 24th largest holding. Jolley Asset Management LLC’s holdings in Carnival were worth $4,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Carnival by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 30,480,817 shares of the company’s stock valued at $1,418,882,000 after buying an additional 240,301 shares during the last quarter. Invesco Ltd. raised its position in Carnival by 22.0% in the 2nd quarter. Invesco Ltd. now owns 21,734,076 shares of the company’s stock valued at $1,011,721,000 after buying an additional 3,925,980 shares during the last quarter. Nuveen Asset Management LLC raised its position in Carnival by 12,460.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,311,837 shares of the company’s stock valued at $200,716,000 after buying an additional 4,277,507 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Carnival by 8.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,868,390 shares of the company’s stock valued at $180,074,000 after buying an additional 317,499 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in Carnival by 34.4% in the 2nd quarter. APG Asset Management N.V. now owns 2,960,094 shares of the company’s stock valued at $120,998,000 after buying an additional 757,188 shares during the last quarter. 75.30% of the stock is owned by institutional investors and hedge funds.

Shares of Carnival stock traded down $0.02 during trading hours on Wednesday, hitting $42.48. 1,218,633 shares of the company’s stock traded hands, compared to its average volume of 5,283,842. Carnival Corp has a 12-month low of $39.92 and a 12-month high of $62.52. The stock has a market capitalization of $21.90 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.97 and a beta of 1.11. The company has a fifty day simple moving average of $44.82 and a 200-day simple moving average of $48.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.25.

Carnival (NYSE:CCL) last announced its earnings results on Thursday, September 26th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.10. Carnival had a return on equity of 12.67% and a net margin of 14.93%. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.18 billion. On average, analysts forecast that Carnival Corp will post 4.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.71%. Carnival’s payout ratio is 46.95%.

A number of research firms recently commented on CCL. William Blair reissued a “hold” rating on shares of Carnival in a research report on Thursday, September 26th. Stifel Nicolaus lowered their price target on Carnival from $62.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Berenberg Bank lowered Carnival from a “hold” rating to a “sell” rating and set a $38.00 price target for the company. in a research report on Friday, September 27th. Barclays set a $47.00 price target on Carnival and gave the company a “hold” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Co decreased their target price on Carnival from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $52.40.

In other news, Director Sir Jonathon Band sold 5,000 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $40.83, for a total transaction of $204,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.10% of the stock is currently owned by corporate insiders.

Carnival Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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