Natixis Advisors LLC Cuts Stock Holdings in Carnival Corporation $CCL

Natixis Advisors LLC decreased its holdings in shares of Carnival Corporation (NYSE:CCL) by 20.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 541,060 shares of the company’s stock after selling 142,548 shares during the period. Natixis Advisors LLC’s holdings in Carnival were worth $16,524,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC boosted its holdings in shares of Carnival by 15.6% in the 4th quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock valued at $79,000 after buying an additional 350 shares in the last quarter. Net Worth Advisory Group boosted its holdings in shares of Carnival by 2.9% in the 4th quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock valued at $378,000 after buying an additional 354 shares in the last quarter. Triad Wealth Partners LLC boosted its holdings in shares of Carnival by 2.1% in the 4th quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock valued at $533,000 after buying an additional 358 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Carnival by 3.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock valued at $322,000 after buying an additional 358 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Carnival by 1.9% in the 3rd quarter. Brooklyn Investment Group now owns 21,363 shares of the company’s stock valued at $618,000 after buying an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were 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 trade represents a 38.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sir Jonathon Band sold 11,988 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the transaction, the director directly owned 52,601 shares of the company’s stock, valued at $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 55,058 shares of company stock valued at $1,524,195 over the last three months. 7.90% of the stock is currently owned by insiders.

Carnival Stock Down 1.5%

CCL stock opened at $27.43 on Friday. The firm has a 50 day moving average of $26.59 and a 200 day moving average of $28.06. The stock has a market capitalization of $33.98 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.24 and a beta of 2.32. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. Carnival Corporation has a 52 week low of $22.11 and a 52 week high of $34.03.

Carnival (NYSE:CCL) last posted its quarterly 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. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the firm posted $0.13 EPS. Carnival’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that Carnival Corporation will post 2.21 earnings per share for the current year.

Carnival Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCL. TD Cowen raised their price target on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, May 15th. Citigroup lowered their price target on shares of Carnival from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Susquehanna lowered their price target on shares of Carnival from $40.00 to $30.00 and set a “positive” rating on the stock in a report on Monday, March 23rd. Morgan Stanley upgraded shares of Carnival from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $33.00 to $31.00 in a report on Thursday, March 19th. Finally, Loop Capital began coverage on shares of Carnival in a report on Monday. They issued a “buy” rating and a $36.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.80.

Carnival Profile

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.