IFM Investors Pty Ltd boosted its position in Carnival Corp (NYSE:CCL) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,354 shares of the company’s stock after purchasing an additional 2,103 shares during the quarter. IFM Investors Pty Ltd’s holdings in Carnival were worth $1,337,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCL. Oregon Public Employees Retirement Fund increased its stake in shares of 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 worth $178,000 after acquiring an additional 8,573,046 shares during the last quarter. London Co. of Virginia increased its stake in shares of Carnival by 4.8% in the 4th quarter. London Co. of Virginia now owns 6,718,972 shares of the company’s stock worth $331,246,000 after acquiring an additional 308,876 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Carnival by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 4,710,995 shares of the company’s stock worth $231,797,000 after acquiring an additional 292,550 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Carnival by 40.3% in the 4th quarter. Two Sigma Advisers LP now owns 4,261,589 shares of the company’s stock worth $210,096,000 after acquiring an additional 1,225,024 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Carnival in the 4th quarter worth $209,889,000. 76.56% of the stock is owned by hedge funds and other institutional investors.
In related news, General Counsel Arnaldo Perez sold 5,691 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was 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 directly owns 43,724 shares of the company’s stock, valued at approximately $2,495,765.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stein Kruse sold 32,163 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 92,198 shares of the company’s stock, valued at $5,262,661.84. The disclosure for this sale can be found here. Insiders have sold a total of 62,536 shares of company stock valued at $3,569,555 over the last three months. Corporate insiders own 24.10% of the company’s stock.
Shares of NYSE:CCL opened at $53.63 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.22 and a quick ratio of 0.17. The stock has a market cap of $28.26 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. Carnival Corp has a 12-month low of $45.64 and a 12-month high of $67.69.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The firm had revenue of $4.67 billion during 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 company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. On average, sell-side analysts forecast that Carnival Corp will post 4.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Thursday, May 23rd. Carnival’s payout ratio is 46.95%.
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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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