Bank of The West purchased a new position in shares of Carnival Corp (NYSE:CCL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,804 shares of the company’s stock, valued at approximately $243,000.
Other hedge funds have also made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its position in Carnival by 213.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 12,557 shares of the company’s stock worth $102,000 after acquiring an additional 8,557 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Carnival during the 2nd quarter worth $124,000. Mainstay Capital Management LLC ADV boosted its position in Carnival by 1,262.1% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,320 shares of the company’s stock worth $125,000 after acquiring an additional 5,856 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Carnival during the 3rd quarter worth $173,000. Finally, Palo Capital Inc. acquired a new position in Carnival during the 3rd quarter worth $189,000. Institutional investors own 76.18% of the company’s stock.
In other news, General Counsel Arnaldo Perez sold 7,000 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $64.26, for a total transaction of $449,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.80% of the company’s stock.
Shares of Carnival stock opened at $58.12 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $30.16 billion, a PE ratio of 15.21, a PEG ratio of 0.97 and a beta of 1.01. Carnival Corp has a fifty-two week low of $53.47 and a fifty-two week high of $72.70.
Carnival (NYSE:CCL) last announced its quarterly earnings data on Thursday, September 27th. The company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.04. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Carnival Corp will post 4.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 21st. Carnival’s dividend payout ratio is 52.36%.
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Carnival Company Profile
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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