Achmea Investment Management B.V. boosted its stake in shares of Carnival Corporation (NYSE:CCL) by 39.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,287 shares of the company’s stock after acquiring an additional 26,251 shares during the period. Achmea Investment Management B.V.’s holdings in Carnival were worth $5,957,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Carnival by 2,540.0% during the third quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock valued at $17,046,000 after acquiring an additional 253,997 shares in the last quarter. Prudential Financial Inc. grew its stake in Carnival by 4.3% during the second quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock valued at $43,908,000 after acquiring an additional 27,330 shares in the last quarter. Homrich & Berg purchased a new position in Carnival during the second quarter valued at $272,000. Covenant Multifamily Offices LLC grew its stake in Carnival by 2.4% during the second quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock valued at $2,618,000 after acquiring an additional 929 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Carnival by 14.7% during the second quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock valued at $2,265,000 after acquiring an additional 4,422 shares in the last quarter. 76.71% of the stock is owned by institutional investors.
In related news, CEO Arnold W. Donald sold 5,000 shares of Carnival stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the completion of the sale, the chief executive officer now owns 115,572 shares in the company, valued at approximately $7,561,875.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.80% of the stock is currently owned by company insiders.
CCL has been the subject of a number of recent research reports. UBS AG reissued a “buy” rating and issued a $76.00 price objective (up from $67.00) on shares of Carnival in a research note on Thursday, August 17th. BidaskClub cut shares of Carnival from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Deutsche Bank AG reissued a “hold” rating and issued a $61.00 price objective (down from $62.00) on shares of Carnival in a research note on Wednesday, September 27th. Zacks Investment Research cut shares of Carnival from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, Argus reissued a “neutral” rating and issued a $67.00 price objective (down from $78.00) on shares of Carnival in a research note on Thursday, September 28th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $67.71.
Shares of Carnival Corporation (CCL) opened at $66.71 on Monday. The stock has a market cap of $47,850.00, a PE ratio of 17.28, a PEG ratio of 1.36 and a beta of 0.74. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. Carnival Corporation has a twelve month low of $49.73 and a twelve month high of $69.89.
Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.92 EPS. research analysts expect that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Wednesday, November 22nd. This is a positive change from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio (DPR) is 43.60%.
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Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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