Carnival Corporation $CCL Shares Acquired by Rational Advisors Inc.

by · The Cerbat Gem

Rational Advisors Inc. lifted its position in Carnival Corporation (NYSE:CCL – Free Report) by 33.9% in the fourth quarter, Holdings Channel reports. The firm owned 138,600 shares of the company’s stock after acquiring an additional 35,100 shares during the period. Rational Advisors Inc.’s holdings in Carnival were worth $4,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CCL. Wellington Management Group LLP boosted its position in shares of Carnival by 99.6% in the 3rd quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock valued at $351,535,000 after purchasing an additional 6,066,336 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Carnival by 50.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,510,016 shares of the company’s stock valued at $419,573,000 after purchasing an additional 4,883,024 shares during the period. Norges Bank acquired a new stake in shares of Carnival in the 4th quarter valued at about $124,201,000. Causeway Capital Management LLC boosted its position in shares of Carnival by 9.6% in the 3rd quarter. Causeway Capital Management LLC now owns 31,912,001 shares of the company’s stock valued at $922,576,000 after purchasing an additional 2,783,927 shares during the period. Finally, Alua Capital Management LP acquired a new stake in shares of Carnival in the 3rd quarter valued at about $68,557,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on Carnival from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Citigroup decreased their target price on Carnival from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Loop Capital assumed coverage on Carnival in a research report on Monday. They issued a “buy” rating and a $36.00 target price for the company. Barclays decreased their target price on Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Finally, Sanford C. Bernstein decreased their target price on Carnival from $33.00 to $28.70 and set a “market perform” rating for the company in a research report on Monday, March 30th. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carnival has an average rating of “Moderate Buy” and a consensus target price of $34.80.

Check Out Our Latest Analysis on CCL

Key Stories Impacting Carnival

Here are the key news stories impacting Carnival this week:

Insider Buying and Selling

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the completion of the transaction, the insider directly owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sir Jonathon Band sold 11,988 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the transaction, the director directly owned 52,601 shares of the company’s stock, valued at approximately $1,377,620.19. This trade represents a 18.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 55,058 shares of company stock valued at $1,524,195. Company insiders own 7.90% of the company’s stock.

Carnival Stock Performance

Shares of CCL stock opened at $27.62 on Wednesday. The company has a market cap of $34.22 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.22 and a beta of 2.32. The stock has a 50 day simple moving average of $26.41 and a 200-day simple moving average of $28.04. Carnival Corporation has a 12-month low of $22.11 and a 12-month high of $34.03. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82.

Carnival (NYSE:CCL – Get Free Report) last issued its earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. On average, equities analysts forecast that Carnival Corporation will post 2.21 EPS for the current year.

Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, May 18th. Carnival’s dividend payout ratio is 26.67%.

Carnival Company Profile

(Free Report)

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.

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