KAMES CAPITAL plc acquired a new stake in shares of Carnival Corp (NYSE:CCL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 222,289 shares of the company’s stock, valued at approximately $11,274,000.
Several other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its stake in Carnival by 87.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 543 shares of the company’s stock valued at $27,000 after acquiring an additional 253 shares during the period. Essex Savings Bank acquired a new stake in Carnival in the fourth quarter valued at approximately $29,000. Sontag Advisory LLC purchased a new position in shares of Carnival during the fourth quarter valued at approximately $35,000. Doyle Wealth Management purchased a new position in shares of Carnival during the fourth quarter valued at approximately $36,000. Finally, Berman Capital Advisors LLC bought a new stake in Carnival during the fourth quarter worth $39,000. Institutional investors own 76.56% of the company’s stock.
In other Carnival news, CEO Stein Kruse sold 32,163 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $57.08, for a total value of $1,835,864.04. Following the completion of the sale, the chief executive officer now owns 92,198 shares in the company, valued at approximately $5,262,661.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Arnaldo Perez sold 5,691 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $57.08, for a total transaction of $324,842.28. Following the completion of the sale, the general counsel now owns 43,724 shares of the company’s stock, valued at approximately $2,495,765.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,536 shares of company stock valued at $3,569,555. Insiders own 24.10% of the company’s stock.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. Carnival had a net margin of 16.03% and a return on equity of 12.30%. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Carnival’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Carnival Corp will post 4.54 EPS for the current year.
CCL has been the topic of a number of analyst reports. Nomura decreased their price objective on Carnival from $66.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Standpoint Research started coverage on Carnival in a research report on Wednesday, December 26th. They set an “accumulate” rating for the company. Barclays dropped their price target on Carnival from $70.00 to $69.00 and set an “overweight” rating on the stock in a research note on Friday, December 21st. Wells Fargo & Co reduced their target price on Carnival from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, January 10th. Finally, Macquarie upgraded Carnival from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $58.00 to $66.00 in a research report on Friday, January 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Carnival currently has an average rating of “Buy” and a consensus price target of $66.70.
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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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