Savant Capital LLC Decreases Stock Holdings in Carnival Corporation $CCL

Savant Capital LLC decreased its holdings in shares of Carnival Corporation (NYSE:CCL) by 81.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,846 shares of the company’s stock after selling 83,932 shares during the period. Savant Capital LLC’s holdings in Carnival were worth $576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BOCHK Asset Management Ltd purchased a new position in shares of Carnival during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Carnival during the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Carnival during the 4th quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. lifted its position in shares of Carnival by 381.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock valued at $29,000 after buying an additional 762 shares in the last quarter. Finally, Optima Capital LLC purchased a new position in shares of Carnival during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the transaction, the insider owned 69,238 shares in the company, valued at $1,945,587.80. The trade was a 38.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the transaction, the director owned 52,601 shares in the company, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 55,058 shares of company stock worth $1,524,195. Insiders own 7.90% of the company’s stock.

Carnival Trading Down 1.5%

Shares of CCL stock opened at $27.22 on Thursday. Carnival Corporation has a fifty-two week low of $22.11 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.26 and a current ratio of 0.30. The stock’s fifty day moving average is $26.51 and its two-hundred day moving average is $28.05. The firm has a market capitalization of $33.72 billion, a P/E ratio of 12.10, a PEG ratio of 1.23 and a beta of 2.32.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Friday, March 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the firm earned $0.13 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts expect that Carnival Corporation will post 2.21 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, May 18th. Carnival’s payout ratio is currently 26.67%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Zacks Research upgraded Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Loop Capital assumed coverage on Carnival in a report on Monday. They issued a “buy” rating and a $36.00 price objective on the stock. TD Cowen raised their price objective on Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, May 15th. The Goldman Sachs Group decreased their price objective on Carnival from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, Truist Financial decreased their price objective on Carnival from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.80.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.