Carnival Corp (NYSE:CCL) Shares Sold by Hills Bank & Trust Co.

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Hills Bank & Trust Co. lowered its stake in Carnival Corp (NYSE:CCL) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,503 shares of the company’s stock after selling 483 shares during the quarter. Hills Bank & Trust Co.’s holdings in Carnival were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCL. Buckingham Capital Management Inc. increased its stake in Carnival by 6.3% in the 1st quarter. Buckingham Capital Management Inc. now owns 18,255 shares of the company’s stock worth $926,000 after purchasing an additional 1,080 shares during the period. First Trust Advisors LP increased its stake in Carnival by 8.9% in the 1st quarter. First Trust Advisors LP now owns 443,119 shares of the company’s stock worth $22,475,000 after purchasing an additional 36,353 shares during the period. GYL Financial Synergies LLC increased its stake in Carnival by 23.9% in the 1st quarter. GYL Financial Synergies LLC now owns 6,225 shares of the company’s stock worth $316,000 after purchasing an additional 1,200 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Carnival by 10.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 462,146 shares of the company’s stock worth $23,439,000 after purchasing an additional 44,144 shares during the period. Finally, Denali Advisors LLC purchased a new position in Carnival in the 2nd quarter worth approximately $9,236,000. Institutional investors and hedge funds own 75.20% of the company’s stock.

Shares of NYSE:CCL remained flat at $$45.05 during midday trading on Friday. The stock had a trading volume of 2,686,600 shares, compared to its average volume of 4,154,623. The company has a market capitalization of $23.64 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.05 and a beta of 1.11. The company has a current ratio of 0.30, a quick ratio of 0.25 and a debt-to-equity ratio of 0.35. Carnival Corp has a 1 year low of $39.92 and a 1 year high of $62.52. The stock’s 50 day moving average price is $43.50 and its 200 day moving average price is $47.49.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Thursday, September 26th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.10. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.18 billion. Carnival had a return on equity of 12.67% and a net margin of 14.93%. Equities research analysts anticipate that Carnival Corp will post 4.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Thursday, November 21st. Carnival’s payout ratio is currently 46.95%.

In related news, Director Sir Jonathon Band sold 5,000 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $40.83, for a total transaction of $204,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.10% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on CCL. HSBC cut Carnival from a “buy” rating to a “hold” rating and decreased their price target for the stock from $68.00 to $43.00 in a research note on Monday, October 7th. Nomura reduced 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 cut Carnival from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. TheStreet cut Carnival from a “b-” rating to a “c+” rating in a research note on Friday, October 11th. Finally, Citigroup dropped their price target on Carnival from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Carnival presently has an average rating of “Hold” and a consensus target price of $52.40.

About Carnival

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.

Further Reading: Stocks Increasing Dividends

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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