Russell Investments Group Ltd. grew its stake in shares of Carnival Corp (NYSE:CCL) by 2.5% in the third quarter, Holdings Channel reports. The fund owned 448,875 shares of the company’s stock after acquiring an additional 11,131 shares during the quarter. Russell Investments Group Ltd.’s holdings in Carnival were worth $19,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CCL. Nuveen Asset Management LLC grew its position in shares of Carnival by 12,460.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,311,837 shares of the company’s stock valued at $200,716,000 after acquiring an additional 4,277,507 shares during the period. Invesco Ltd. grew its position in shares of Carnival by 22.0% during the 2nd quarter. Invesco Ltd. now owns 21,734,076 shares of the company’s stock valued at $1,011,721,000 after acquiring an additional 3,925,980 shares during the period. HG Vora Capital Management LLC bought a new position in shares of Carnival during the 2nd quarter valued at approximately $58,188,000. JPMorgan Chase & Co. grew its position in shares of Carnival by 131.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,100,912 shares of the company’s stock valued at $96,473,000 after acquiring an additional 1,191,671 shares during the period. Finally, APG Asset Management N.V. grew its position in shares of Carnival by 34.4% during 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 acquiring an additional 757,188 shares during the period. 75.20% of the stock is owned by hedge funds and other institutional investors.

In other Carnival news, Director Sir Jonathon Band sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $40.83, for a total value of $204,150.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 24.10% of the company’s stock.

CCL remained flat at $$45.05 on Friday. 2,686,600 shares of the company traded hands, compared to its average volume of 4,154,623. The stock’s 50 day simple moving average is $43.50 and its 200 day simple moving average is $47.49. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.05 and a beta of 1.11. Carnival Corp has a 52 week low of $39.92 and a 52 week high of $62.52. The company has a current ratio of 0.30, a quick ratio of 0.25 and a debt-to-equity ratio of 0.35.

Carnival (NYSE:CCL) last posted its earnings results on Thursday, September 26th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $0.10. Carnival had a net margin of 14.93% and a return on equity of 12.67%. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Research analysts anticipate that Carnival Corp will post 4.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.44%. The ex-dividend date is Thursday, November 21st. Carnival’s dividend payout ratio is presently 46.95%.

A number of research firms have recently weighed in on CCL. SunTrust Banks reduced their target price on shares of Carnival to $58.00 in a research report on Friday, September 27th. Stifel Nicolaus reduced their target price on shares of Carnival from $62.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Citigroup cut their price objective on shares of Carnival from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Wedbush cut their price objective on shares of Carnival from $50.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Finally, Nomura cut their price objective on shares of Carnival from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Carnival currently has a consensus rating of “Hold” and an average target price of $52.40.

Carnival Company 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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