CENTRAL TRUST Co reduced its position in Carnival Corp (NYSE:CCL) by 24.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,646 shares of the company’s stock after selling 1,479 shares during the period. CENTRAL TRUST Co’s holdings in Carnival were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its stake in shares of Carnival by 10.0% during the 2nd quarter. FMR LLC now owns 2,894,591 shares of the company’s stock worth $165,888,000 after purchasing an additional 262,856 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Carnival by 73.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 53,326 shares of the company’s stock valued at $3,056,000 after buying an additional 22,541 shares in the last quarter. First Republic Investment Management Inc. grew its stake in Carnival by 77.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 88,534 shares of the company’s stock valued at $5,073,000 after buying an additional 38,698 shares in the last quarter. Natixis grew its stake in Carnival by 20.8% in the 2nd quarter. Natixis now owns 60,570 shares of the company’s stock valued at $3,471,000 after buying an additional 10,431 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Carnival in the 2nd quarter valued at approximately $124,000. Hedge funds and other institutional investors own 75.83% of the company’s stock.
NYSE CCL opened at $52.40 on Friday. Carnival Corp has a 52-week low of $45.64 and a 52-week high of $72.70. The company has a quick ratio of 0.19, a current ratio of 0.24 and a debt-to-equity ratio of 0.32. The firm has a market cap of $27.39 billion, a PE ratio of 12.30, a P/E/G ratio of 0.78 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 23rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, November 21st. Carnival’s dividend payout ratio is presently 46.95%.
CCL has been the subject of a number of recent research reports. Buckingham Research lifted their price objective on shares of Carnival from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, September 28th. Goldman Sachs Group set a $70.00 price objective on shares of Carnival and gave the company a “hold” rating in a research note on Monday, September 24th. Zacks Investment Research upgraded shares of Carnival from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Credit Suisse Group set a $75.00 price objective on shares of Carnival and gave the company a “buy” rating in a research note on Thursday, September 27th. Finally, SunTrust Banks reduced their price objective on shares of Carnival from $77.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, December 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Carnival presently has an average rating of “Hold” and an average target price of $70.13.
In other Carnival news, CEO Arnold W. Donald purchased 21,595 shares of the stock in a transaction on Wednesday, December 26th. The stock was acquired at an average cost of $46.43 per share, with a total value of $1,002,655.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.80% of the company’s stock.
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Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.
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