Bank of The West Purchases Shares of 3,804 Carnival Corp (CCL)

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.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Carnival from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. ValuEngine upgraded Carnival from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Deutsche Bank cut their price objective on Carnival from $68.00 to $65.00 and set a “hold” rating for the company in a report on Friday, September 28th. JPMorgan Chase & Co. restated a “hold” rating on shares of Carnival in a report on Thursday, October 11th. Finally, Goldman Sachs Group set a $70.00 price objective on Carnival and gave the company a “hold” rating in a report on Monday, September 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $72.86.

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%.

COPYRIGHT VIOLATION WARNING: “Bank of The West Purchases Shares of 3,804 Carnival Corp (CCL)” was originally published by WKRB News and is owned by of WKRB News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.wkrb13.com/2018/11/09/bank-of-the-west-purchases-shares-of-3804-carnival-corp-ccl.html.

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.

Featured Article: Why do companies issue stock splits?

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply