First National Trust Co Has $419,000 Stake in Carnival Corp (NYSE:CCL)

First National Trust Co decreased its holdings in Carnival Corp (NYSE:CCL) by 27.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,588 shares of the company’s stock after selling 3,595 shares during the quarter. First National Trust Co’s holdings in Carnival were worth $419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen Asset Management LLC grew its position in Carnival by 12,460.0% in the second quarter. Nuveen Asset Management LLC now owns 4,311,837 shares of the company’s stock worth $200,716,000 after acquiring an additional 4,277,507 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Carnival by 22.0% in the 2nd quarter. Invesco Ltd. now owns 21,734,076 shares of the company’s stock worth $1,011,721,000 after buying an additional 3,925,980 shares during the last quarter. HG Vora Capital Management LLC purchased a new position in shares of Carnival in the 2nd quarter worth approximately $58,188,000. JPMorgan Chase & Co. boosted its stake in shares of Carnival by 131.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,100,912 shares of the company’s stock worth $96,473,000 after buying an additional 1,191,671 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Carnival by 34.4% in the 2nd quarter. APG Asset Management N.V. now owns 2,960,094 shares of the company’s stock worth $120,998,000 after buying an additional 757,188 shares during the last quarter. Hedge funds and other institutional investors own 75.20% of the company’s stock.

NYSE CCL traded up $0.60 on Thursday, reaching $44.97. The company had a trading volume of 48,521 shares, compared to its average volume of 4,143,104. The firm has a market capitalization of $23.30 billion, a PE ratio of 10.54, a P/E/G ratio of 1.03 and a beta of 1.11. Carnival Corp has a 1 year low of $39.92 and a 1 year high of $62.52. The firm has a 50-day moving average of $43.64 and a 200-day moving average of $47.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.25.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Thursday, September 26th. The company reported $2.63 EPS for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.10. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.18 billion. Carnival had a return on equity of 12.67% and a net margin of 14.93%. As a group, sell-side analysts expect that Carnival Corp will post 4.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.45%. Carnival’s dividend payout ratio is currently 46.95%.

In other Carnival news, Director Sir Jonathon Band sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $40.83, for a total transaction of $204,150.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 24.10% of the company’s stock.

CCL has been the topic of a number of research analyst reports. Nomura cut their target price on Carnival from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. ValuEngine downgraded shares of Carnival from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. TheStreet downgraded shares of Carnival from a “b-” rating to a “c+” rating in a research report on Friday, October 11th. Berenberg Bank reissued a “sell” rating on shares of Carnival in a research report on Saturday, November 2nd. Finally, Wedbush dropped their target price on shares of Carnival from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $52.40.

Carnival Company 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.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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