Nicolet Bankshares Inc. Purchases New Stake in Carnival Corp (NYSE:CCL)

Nicolet Bankshares Inc. acquired a new position in Carnival Corp (NYSE:CCL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,199 shares of the company’s stock, valued at approximately $279,000.

Several other large investors have also made changes to their positions in CCL. SeaCrest Wealth Management LLC purchased a new position in Carnival in the 4th quarter valued at $123,000. Grove Bank & Trust increased its position in shares of Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after purchasing an additional 1,600 shares during the last quarter. Smithfield Trust Co. increased its position in shares of Carnival by 826.2% during the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after purchasing an additional 2,520 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in shares of Carnival during the 3rd quarter worth about $200,000. Finally, FDO Partners LLC acquired a new stake in shares of Carnival during the 3rd quarter worth about $219,000. Hedge funds and other institutional investors own 75.07% of the company’s stock.

Shares of Carnival Corp (NYSE CCL) traded up $0.79 during trading hours on Monday, hitting $67.86. The stock had a trading volume of 848,518 shares, compared to its average volume of 3,348,002. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival Corp has a twelve month low of $54.75 and a twelve month high of $72.70. The stock has a market capitalization of $35,826.89, a P/E ratio of 18.87, a P/E/G ratio of 1.13 and a beta of 0.75.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. sell-side analysts forecast that Carnival Corp will post 4.27 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 annualized dividend and a yield of 2.65%. Carnival’s dividend payout ratio is presently 32.03%.

In other news, General Counsel Arnaldo Perez sold 15,166 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $1,009,903.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $65.57, for a total value of $327,850.00. The disclosure for this sale can be found here. Insiders have sold 313,627 shares of company stock valued at $21,059,647 over the last 90 days. 23.80% of the stock is currently owned by insiders.

Several research firms have weighed in on CCL. Wells Fargo & Co lifted their price objective on Carnival from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley boosted their target price on Carnival from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine raised Carnival from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group lifted their price target on Carnival from $78.10 to $79.50 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $73.82.

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About Carnival

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.

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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