Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Carnival Corporation (NYSE:CCL – Free Report) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 536,009 shares of the company’s stock after buying an additional 21,790 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Carnival were worth $15,496,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. REAP Financial Group LLC boosted its stake in shares of Carnival by 10.5% in the second quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock valued at $103,000 after buying an additional 349 shares in the last quarter. Eagle Wealth Strategies LLC lifted its holdings in Carnival by 1.4% in the second quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock valued at $730,000 after acquiring an additional 369 shares during the period. 1834 Investment Advisors Co. boosted its position in shares of Carnival by 1.6% during the 2nd quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company’s stock worth $674,000 after purchasing an additional 372 shares in the last quarter. Commonwealth Financial Services LLC grew its stake in shares of Carnival by 3.6% during the 3rd quarter. Commonwealth Financial Services LLC now owns 10,957 shares of the company’s stock worth $317,000 after purchasing an additional 379 shares during the period. Finally, Greenleaf Trust increased its holdings in shares of Carnival by 3.1% in the 2nd quarter. Greenleaf Trust now owns 14,547 shares of the company’s stock valued at $409,000 after purchasing an additional 443 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.
Carnival Price Performance
CCL stock opened at $28.55 on Friday. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.89. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32. The stock’s 50 day moving average price is $28.53 and its 200 day moving average price is $29.18. The firm has a market cap of $33.34 billion, a P/E ratio of 14.28, a PEG ratio of 1.04 and a beta of 2.51.
Carnival Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 2.1%.
Analysts Set New Price Targets
CCL has been the topic of a number of research analyst reports. Mizuho boosted their price objective on shares of Carnival from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Barclays reduced their price target on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. Truist Financial upped their price target on Carnival from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday. Morgan Stanley set a $33.00 price objective on Carnival in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group boosted their target price on Carnival from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.
View Our Latest Report on Carnival
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.
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