Gotham Asset Management LLC bought a new position in shares of Carnival Corp (NYSE:CCL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 462,570 shares of the company’s stock, valued at approximately $30,701,000. Gotham Asset Management LLC owned about 0.09% of Carnival as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCL. State of Alaska Department of Revenue grew its holdings in Carnival by 169.2% in the fourth quarter. State of Alaska Department of Revenue now owns 55,259 shares of the company’s stock worth $3,665,000 after purchasing an additional 34,735 shares during the period. Oakbrook Investments LLC grew its holdings in Carnival by 362.6% in the fourth quarter. Oakbrook Investments LLC now owns 21,050 shares of the company’s stock worth $1,397,000 after purchasing an additional 16,500 shares during the period. Fisher Asset Management LLC grew its holdings in Carnival by 51.5% in the fourth quarter. Fisher Asset Management LLC now owns 6,368 shares of the company’s stock worth $423,000 after purchasing an additional 2,166 shares during the period. Rhumbline Advisers grew its holdings in Carnival by 1.8% in the fourth quarter. Rhumbline Advisers now owns 732,132 shares of the company’s stock worth $48,592,000 after purchasing an additional 12,684 shares during the period. Finally, Hills Bank & Trust Co. acquired a new stake in Carnival in the fourth quarter worth $313,000. 76.72% of the stock is owned by institutional investors and hedge funds.
Carnival stock opened at $67.00 on Monday. The stock has a market cap of $35,741.42, a PE ratio of 18.66, a PEG ratio of 1.12 and a beta of 0.80. Carnival Corp has a twelve month low of $57.09 and a twelve month high of $72.70. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. sell-side analysts anticipate that Carnival Corp will post 4.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Thursday, February 22nd. Carnival’s payout ratio is currently 22.28%.
In related news, CEO Arnold W. Donald sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $68.00, for a total transaction of $204,000.00. Following the transaction, the chief executive officer now directly owns 132,376 shares of the company’s stock, valued at $9,001,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stein Kruse sold 60,665 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total transaction of $4,039,682.35. The disclosure for this sale can be found here. Insiders have sold 339,364 shares of company stock worth $22,830,561 over the last three months. 23.80% of the stock is owned by insiders.
A number of equities research analysts have commented on the stock. Stifel Nicolaus restated a “buy” rating and issued a $81.00 price target on shares of Carnival in a report on Monday. Credit Suisse Group set a $80.00 price target on shares of Carnival and gave the stock a “buy” rating in a report on Sunday, February 25th. Wells Fargo raised their price target on shares of Carnival from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Morgan Stanley raised their price target on shares of Carnival from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Finally, ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Seven equities research 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 presently has a consensus rating of “Buy” and an average target price of $73.90.
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.
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