Carnival Corp (NYSE:CCL) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. decreased its position in shares of Carnival Corp (NYSE:CCL) by 57.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the company’s stock after selling 4,000 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Carnival were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCL. Oregon Public Employees Retirement Fund raised its holdings in Carnival by 4,485.8% in the 4th 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. Norges Bank acquired a new stake in Carnival during the 4th quarter valued at approximately $209,889,000. Millennium Management LLC increased its position in Carnival by 181.5% during the 4th quarter. Millennium Management LLC now owns 3,191,587 shares of the company’s stock valued at $157,345,000 after purchasing an additional 2,057,923 shares during the period. American Century Companies Inc. increased its position in Carnival by 103.8% during the 4th quarter. American Century Companies Inc. now owns 3,707,605 shares of the company’s stock valued at $182,785,000 after purchasing an additional 1,888,587 shares during the period. Finally, Two Sigma Advisers LP increased its position in Carnival by 40.3% during the 4th quarter. Two Sigma Advisers LP now owns 4,261,589 shares of the company’s stock valued at $210,096,000 after purchasing an additional 1,225,024 shares during the period. 76.59% of the stock is owned by institutional investors and hedge funds.

CCL has been the subject of several recent analyst reports. Deutsche Bank reaffirmed a “hold” rating and set a $59.00 price objective on shares of Carnival in a research report on Wednesday, March 27th. ValuEngine raised shares of Carnival from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised shares of Carnival from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Macquarie raised shares of Carnival from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $58.00 to $66.00 in a research report on Friday, January 25th. They noted that the move was a valuation call. Finally, Standpoint Research downgraded shares of Carnival from a “buy” rating to a “hold” rating and set a $57.16 price target for the company. in a research report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $66.70.

In related news, CFO David Bernstein sold 24,682 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 70,362 shares of the company’s stock, valued at $4,016,262.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stein Kruse sold 32,163 shares of the company’s stock in a transaction on Friday, February 15th. The stock was 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 directly owns 92,198 shares in the company, valued at $5,262,661.84. 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. 24.10% of the stock is owned by corporate insiders.

NYSE:CCL traded up $0.40 during mid-day trading on Friday, reaching $54.34. The stock had a trading volume of 2,506,678 shares, compared to its average volume of 3,614,321. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.22 and a quick ratio of 0.17. Carnival Corp has a one year low of $45.64 and a one year high of $67.69. The company has a market capitalization of $28.42 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.13 and a beta of 1.25.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Carnival had a return on equity of 12.30% and a net margin of 16.03%. The firm 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 company posted $0.52 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side 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 issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.68%. Carnival’s dividend payout ratio is presently 46.95%.

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About Carnival

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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