AE Wealth Management LLC lowered its holdings in Carnival Corp (NYSE:CCL) by 13.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,122 shares of the company’s stock after selling 2,517 shares during the quarter. AE Wealth Management LLC’s holdings in Carnival were worth $819,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CCL. Doyle Wealth Management acquired a new stake in Carnival in the 2nd quarter valued at approximately $26,000. Lenox Wealth Advisors LLC acquired a new stake in Carnival in the 3rd quarter valued at approximately $28,000. Stonebridge Capital Advisors LLC acquired a new stake in Carnival in the 2nd quarter valued at approximately $29,000. Massey Quick Simon & CO. LLC grew its holdings in Carnival by 579.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 700 shares of the company’s stock valued at $31,000 after buying an additional 597 shares during the last quarter. Finally, First Command Financial Services Inc. grew its holdings in Carnival by 74.8% in the 3rd quarter. First Command Financial Services Inc. now owns 701 shares of the company’s stock valued at $31,000 after buying an additional 300 shares during the last quarter. 76.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:CCL opened at $51.90 on Tuesday. Carnival Corp has a 1-year low of $39.92 and a 1-year high of $59.24. The firm has a market capitalization of $27.35 billion, a PE ratio of 12.01, a PEG ratio of 1.32 and a beta of 1.14. The business’s 50 day moving average is $48.74 and its 200-day moving average is $45.91. The company has a current ratio of 0.23, a quick ratio of 0.18 and a debt-to-equity ratio of 0.38.
Carnival (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Carnival had a return on equity of 12.29% and a net margin of 14.36%. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the firm earned $0.70 EPS. Carnival’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Corp will post 4.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, February 20th. Carnival’s dividend payout ratio is 45.45%.
A number of research firms have issued reports on CCL. Deutsche Bank raised their target price on Carnival from $46.00 to $53.00 and gave the company a “hold” rating in a report on Monday, December 23rd. SunTrust Banks raised their target price on Carnival from $47.00 to $51.00 and gave the company a “hold” rating in a report on Monday, December 23rd. Citigroup lowered their target price on Carnival from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Standpoint Research raised Carnival from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Finally, Nomura lowered their target price on Carnival from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Carnival has an average rating of “Hold” and an average price target of $50.07.
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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