20,528 Shares in Carnival Corporation $CCL Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. bought a new position in shares of Carnival Corporation (NYSE:CCL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,528 shares of the company’s stock, valued at approximately $627,000.

A number of other institutional investors have also added to or reduced their stakes in CCL. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Carnival by 5.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 133,409 shares of the company’s stock valued at $4,074,000 after buying an additional 6,404 shares in the last quarter. Sargent Investment Group LLC lifted its position in Carnival by 8.6% during the fourth quarter. Sargent Investment Group LLC now owns 17,814 shares of the company’s stock valued at $544,000 after acquiring an additional 1,410 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in Carnival during the fourth quarter valued at approximately $32,000. Focus Partners Wealth boosted its stake in Carnival by 21.8% in the fourth quarter. Focus Partners Wealth now owns 767,664 shares of the company’s stock valued at $23,444,000 after acquiring an additional 137,604 shares in the last quarter. Finally, Infusive Asset Management Inc. grew its holdings in Carnival by 42.1% in the fourth quarter. Infusive Asset Management Inc. now owns 134,568 shares of the company’s stock worth $4,110,000 after purchasing an additional 39,874 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research raised Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. UBS Group dropped their target price on Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Truist Financial decreased their price target on Carnival from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Friday, May 22nd. Finally, Susquehanna lowered their price target on Carnival from $40.00 to $30.00 and set a “positive” rating for the company in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.85.

Insider Activity

In other Carnival news, Director Sir Jonathon Band sold 11,988 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were 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 in the company, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the transaction, the insider directly owned 69,238 shares of the company’s stock, valued at $1,945,587.80. This trade represents a 38.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,058 shares of company stock valued at $1,524,195 in the last quarter. Insiders own 7.90% of the company’s stock.

Carnival Price Performance

NYSE:CCL opened at $30.10 on Tuesday. The company has a 50 day moving average price of $26.93 and a 200-day moving average price of $28.18. The firm has a market cap of $37.30 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.29 and a beta of 2.32. Carnival Corporation has a 1-year low of $22.58 and a 1-year high of $34.03. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the company earned $0.13 earnings per share. Carnival’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts forecast that Carnival Corporation will post 2.22 EPS for the current year.

Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.0%. Carnival’s dividend payout ratio (DPR) is 26.67%.

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.