Dimensional Fund Advisors LP Acquires 64,869 Shares of Carnival Corporation (CCL)

Dimensional Fund Advisors LP raised its position in shares of Carnival Corporation (NYSE:CCL) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,927,280 shares of the company’s stock after buying an additional 64,869 shares during the period. Dimensional Fund Advisors LP owned 0.40% of Carnival Corporation worth $152,395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rowland & Co. Investment Counsel ADV boosted its position in shares of Carnival Corporation by 0.4% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,315 shares of the company’s stock worth $113,000 after buying an additional 9 shares during the period. Boston Advisors LLC boosted its position in shares of Carnival Corporation by 0.3% in the third quarter. Boston Advisors LLC now owns 11,025 shares of the company’s stock worth $538,000 after buying an additional 35 shares during the period. Concert Wealth Management Inc. boosted its position in shares of Carnival Corporation by 1.1% in the third quarter. Concert Wealth Management Inc. now owns 5,434 shares of the company’s stock worth $268,000 after buying an additional 59 shares during the period. Norinchukin Bank The boosted its position in shares of Carnival Corporation by 0.8% in the third quarter. Norinchukin Bank The now owns 23,177 shares of the company’s stock worth $1,132,000 after buying an additional 180 shares during the period. Finally, NCM Capital Management Group Inc. boosted its position in shares of Carnival Corporation by 9.9% in the third quarter. NCM Capital Management Group Inc. now owns 2,775 shares of the company’s stock worth $135,000 after buying an additional 250 shares during the period. 79.45% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

Shares of Carnival Corporation (NYSE:CCL) traded down 1.11% during mid-day trading on Friday, hitting $55.41. 635,066 shares of the stock were exchanged. The stock has a 50-day moving average price of $54.66 and a 200 day moving average price of $50.05. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of 14.90 and a beta of 0.73. Carnival Corporation has a 52-week low of $42.94 and a 52-week high of $57.79.

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Carnival Corporation (NYSE:CCL) last issued its earnings results on Tuesday, December 20th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.09. Carnival Corporation had a net margin of 16.96% and a return on equity of 11.35%. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.90 billion. During the same period in the prior year, the business earned $0.50 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that Carnival Corporation will post $3.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, February 24th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.50%. The ex-dividend date is Wednesday, February 22nd. Carnival Corporation’s payout ratio is 37.43%.

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A number of research analysts recently issued reports on the stock. Credit Suisse Group reissued an “outperform” rating and set a $59.00 price target on shares of Carnival Corporation in a research report on Wednesday, December 21st. Barclays PLC reissued an “equal weight” rating and set a $56.00 price target on shares of Carnival Corporation in a research report on Wednesday, December 21st. Sanford C. Bernstein raised shares of Carnival Corporation from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $52.00 to $63.00 in a research report on Tuesday, November 22nd. Zacks Investment Research raised shares of Carnival Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 13th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $50.00 price target on shares of Carnival Corporation in a research report on Wednesday, December 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.22.

In other Carnival Corporation news, General Counsel Arnaldo Perez sold 15,165 shares of the stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $52.11, for a total transaction of $790,248.15. Following the transaction, the general counsel now directly owns 88,789 shares in the company, valued at approximately $4,626,794.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Bernstein sold 60,664 shares of the stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $52.11, for a total transaction of $3,161,201.04. Following the transaction, the chief financial officer now owns 168,374 shares in the company, valued at $8,773,969.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,056 shares of company stock worth $7,461,495. 22.00% of the stock is owned by company insiders.

About Carnival Corporation

Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.

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