Robeco Institutional Asset Management B.V. grew its position in shares of Carnival Corp (NYSE:CCL) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,462,621 shares of the company’s stock after purchasing an additional 29,281 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.28% of Carnival worth $74,187,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its position in Carnival by 4,485.8% in the fourth 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 in the last quarter. Norges Bank bought a new stake in shares of Carnival during the fourth quarter valued at approximately $209,889,000. Millennium Management LLC raised its stake in shares of Carnival by 181.5% during the fourth quarter. Millennium Management LLC now owns 3,191,587 shares of the company’s stock valued at $157,345,000 after acquiring an additional 2,057,923 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Carnival by 103.8% during the fourth quarter. American Century Companies Inc. now owns 3,707,605 shares of the company’s stock valued at $182,785,000 after acquiring an additional 1,888,587 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Carnival by 40.3% during the fourth quarter. Two Sigma Advisers LP now owns 4,261,589 shares of the company’s stock valued at $210,096,000 after acquiring an additional 1,225,024 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.
Shares of Carnival stock traded up $0.35 during trading hours on Wednesday, reaching $51.60. The stock had a trading volume of 3,423,000 shares, compared to its average volume of 3,906,838. The company has a market cap of $27.20 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 1.09 and a beta of 1.25. Carnival Corp has a twelve month low of $45.64 and a twelve month high of $67.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.22.
Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. Carnival had a net margin of 16.03% and a return on equity of 12.30%. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts forecast that Carnival Corp will post 4.53 EPS for the current year.
The business also recently declared 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. The ex-dividend date is Thursday, May 23rd. This represents a $2.00 annualized dividend and a dividend yield of 3.88%. Carnival’s dividend payout ratio (DPR) is presently 46.95%.
Several brokerages recently issued reports on CCL. Zacks Investment Research raised shares of Carnival from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Goldman Sachs Group raised shares of Carnival from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $63.00 to $65.00 in a report on Wednesday, March 13th. Buckingham Research cut their price target on shares of Carnival from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Nomura cut their price target on shares of Carnival from $66.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Standpoint Research lowered shares of Carnival from a “buy” rating to a “hold” rating and set a $57.16 price objective on the stock. in a report on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Carnival currently has a consensus rating of “Buy” and a consensus price target of $66.28.
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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