GYL Financial Synergies LLC Buys New Holdings in Carnival Corp (CCL)

GYL Financial Synergies LLC bought a new position in shares of Carnival Corp (NYSE:CCL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,025 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Two Sigma Advisers LP raised its holdings in shares of Carnival by 40.3% in the fourth 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 last quarter. Two Sigma Investments LP raised its holdings in shares of Carnival by 17.3% in the fourth quarter. Two Sigma Investments LP now owns 3,099,836 shares of the company’s stock valued at $152,822,000 after purchasing an additional 458,300 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Carnival by 11.0% in the fourth quarter. Lido Advisors LLC now owns 10,742 shares of the company’s stock valued at $529,000 after purchasing an additional 1,062 shares during the last quarter. Mackay Shields LLC raised its holdings in shares of Carnival by 51.7% in the fourth quarter. Mackay Shields LLC now owns 198,435 shares of the company’s stock valued at $9,783,000 after purchasing an additional 67,630 shares during the last quarter. Finally, London Co. of Virginia raised its holdings in shares of Carnival by 4.8% in the fourth quarter. London Co. of Virginia now owns 6,718,972 shares of the company’s stock valued at $331,246,000 after purchasing an additional 308,876 shares during the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

CCL opened at $57.35 on Tuesday. The stock has a market cap of $30.22 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.89 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.24 and a quick ratio of 0.19. Carnival Corp has a fifty-two week low of $45.64 and a fifty-two week high of $69.11.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Thursday, December 20th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.46 billion. Carnival had a net margin of 16.70% and a return on equity of 12.44%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. Analysts predict that Carnival Corp will post 4.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date was Thursday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.49%. Carnival’s dividend payout ratio is presently 46.95%.

In other Carnival news, CEO Arnold W. Donald bought 21,595 shares of the business’s stock in a transaction on Wednesday, December 26th. The stock was purchased at an average price of $46.43 per share, for a total transaction of $1,002,655.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Arnaldo Perez sold 2,290 shares of the stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $52.27, for a total transaction of $119,698.30. The disclosure for this sale can be found here. Insiders have sold 71,792 shares of company stock valued at $4,053,366 in the last quarter. Company insiders own 24.10% of the company’s stock.

Several brokerages have recently commented on CCL. Zacks Investment Research downgraded shares of Carnival from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Goldman Sachs Group upgraded shares of Carnival from a “neutral” rating to a “buy” rating and increased their price target for the company from $63.00 to $65.00 in a research report on Wednesday, March 13th. Standpoint Research lowered 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. ValuEngine upgraded shares of Carnival from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Macquarie upgraded shares of Carnival from a “neutral” rating to an “outperform” rating and increased 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. Carnival currently has an average rating of “Buy” and a consensus price target of $69.70.

WARNING: This piece of content was originally posted by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2019/03/19/gyl-financial-synergies-llc-buys-new-holdings-in-carnival-corp-ccl.html.

Carnival Profile

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.

Featured Article: Stock Symbols Definition, Examples, Lookup

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp (NYSE:CCL).

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.