Carnival Corp (CCL) Shares Sold by Fmr LLC

FMR LLC decreased its position in Carnival Corp (NYSE:CCL) by 50.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 900,449 shares of the company’s stock after selling 904,833 shares during the quarter. FMR LLC owned approximately 0.17% of Carnival worth $44,393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in shares of Carnival by 4,485.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,764,160 shares of the company’s stock valued at $178,000 after buying an additional 8,573,046 shares during the last quarter. London Co. of Virginia boosted its position in shares of Carnival by 4.8% during the fourth quarter. London Co. of Virginia now owns 6,718,972 shares of the company’s stock valued at $331,246,000 after buying an additional 308,876 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Carnival by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 4,710,995 shares of the company’s stock valued at $231,797,000 after buying an additional 292,550 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Carnival by 40.3% during the fourth quarter. Two Sigma Advisers LP now owns 4,261,589 shares of the company’s stock valued at $210,096,000 after buying an additional 1,225,024 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Carnival by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,364,611 shares of the company’s stock valued at $165,861,000 after buying an additional 212,303 shares during the last quarter. Institutional investors and hedge funds own 76.59% of the company’s stock.

Shares of NYSE CCL traded up $0.40 during trading on Friday, hitting $54.34. The company had a trading volume of 2,506,678 shares, compared to its average volume of 3,614,321. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.38. Carnival Corp has a 12 month low of $45.64 and a 12 month high of $67.69. The company has a market capitalization of $28.42 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, March 26th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.31 billion. Carnival had a return on equity of 12.30% and a net margin of 16.03%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. Research analysts anticipate that Carnival Corp will post 4.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.68%. The ex-dividend date is Thursday, May 23rd. Carnival’s dividend payout ratio (DPR) is presently 46.95%.

In other Carnival news, General Counsel Arnaldo Perez sold 5,691 shares of Carnival stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $57.08, for a total value of $324,842.28. Following the sale, the general counsel now owns 43,724 shares of the company’s stock, valued at approximately $2,495,765.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David Bernstein sold 24,682 shares of Carnival stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $57.08, for a total value of $1,408,848.56. Following the completion of the sale, the chief financial officer now directly owns 70,362 shares in the company, valued at approximately $4,016,262.96. The disclosure for this sale can be found here. Insiders have sold a total of 62,536 shares of company stock worth $3,569,555 in the last three months. 24.10% of the stock is owned by corporate insiders.

Several research analysts have issued reports on CCL shares. Macquarie raised Carnival from a “neutral” rating to an “outperform” rating and raised their target price 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. ValuEngine raised Carnival from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Standpoint Research cut Carnival from a “buy” rating to a “hold” rating and set a $57.16 target price on the stock. in a research report on Wednesday, January 30th. Goldman Sachs Group raised Carnival from a “neutral” rating to a “buy” rating and raised their target price for the stock from $63.00 to $65.00 in a research report on Wednesday, March 13th. Finally, Zacks Investment Research cut Carnival from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average 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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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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