Life Insurance

The Manufacturers Life Insurance Company Sells 11,356 Shares of Carnival Corporation (NYSE:CCL)


The Manufacturers Life Insurance Company decreased its stake in Carnival Corporation (NYSE:CCL) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 491,699 shares of the company’s stock after selling 11,356 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Carnival Corporation worth $32,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pathstone Family Office LLC raised its position in Carnival Corporation by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after acquiring an additional 38 shares during the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new position in Carnival Corporation during the second quarter worth about $289,000. Almanack Investment Partners LLC. acquired a new position in Carnival Corporation during the second quarter worth about $117,000. Point72 Asia Hong Kong Ltd acquired a new position in Carnival Corporation during the first quarter worth about $138,000. Finally, Harbour Capital Advisors LLC acquired a new position in Carnival Corporation during the first quarter worth about $147,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

TRADEMARK VIOLATION WARNING: “The Manufacturers Life Insurance Company Sells 11,356 Shares of Carnival Corporation (NYSE:CCL)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/23/carnival-corporation-ccl-shares-sold-by-the-manufacturers-life-insurance-company.html.

In related news, CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the sale, the insider now owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The disclosure for this sale can be found here. 23.80% of the stock is currently owned by insiders.

A number of brokerages have issued reports on CCL. Zacks Investment Research cut shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Carnival Corporation in a research report on Tuesday, August 15th. Deutsche Bank AG reiterated a “hold” rating and set a $62.00 price target (up from $58.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Susquehanna Bancshares Inc lifted their price target on shares of Carnival Corporation from $75.00 to $76.00 and gave the stock a “positive” rating in a report on Monday, September 25th. Finally, Wedbush reiterated a “neutral” rating and set a $66.00 price target (up from $61.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $66.24.

Carnival Corporation (CCL) opened at 65.76 on Monday. The firm has a market capitalization of $47.41 billion, a PE ratio of 17.88 and a beta of 0.71. Carnival Corporation has a 52-week low of $46.11 and a 52-week high of $69.89. The stock’s 50 day moving average is $66.13 and its 200-day moving average is $64.82.

Carnival Corporation (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. Carnival Corporation’s revenue was up 8.2% compared to the same quarter last year. Equities analysts expect that Carnival Corporation will post $3.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.73%. This is an increase from Carnival Corporation’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. Carnival Corporation’s payout ratio is presently

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pathstone Family Office LLC raised its position in Carnival Corporation by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after acquiring an additional 38 shares during the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new position in Carnival Corporation during the second quarter worth about $289,000. Almanack Investment Partners LLC. acquired a new position in Carnival Corporation during the second quarter worth about $117,000. Point72 Asia Hong Kong Ltd acquired a new position in Carnival Corporation during the first quarter worth about $138,000. Finally, Harbour Capital Advisors LLC acquired a new position in Carnival Corporation during the first quarter worth about $147,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

TRADEMARK VIOLATION WARNING: “The Manufacturers Life Insurance Company Sells 11,356 Shares of Carnival Corporation (NYSE:CCL)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/23/carnival-corporation-ccl-shares-sold-by-the-manufacturers-life-insurance-company.html.

In related news, CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the sale, the insider now owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The disclosure for this sale can be found here. 23.80% of the stock is currently owned by insiders.

A number of brokerages have issued reports on CCL. Zacks Investment Research cut shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Carnival Corporation in a research report on Tuesday, August 15th. Deutsche Bank AG reiterated a “hold” rating and set a $62.00 price target (up from $58.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Susquehanna Bancshares Inc lifted their price target on shares of Carnival Corporation from $75.00 to $76.00 and gave the stock a “positive” rating in a report on Monday, September 25th. Finally, Wedbush reiterated a “neutral” rating and set a $66.00 price target (up from $61.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $66.24.

Carnival Corporation (CCL) opened at 65.76 on Monday. The firm has a market capitalization of $47.41 billion, a PE ratio of 17.88 and a beta of 0.71. Carnival Corporation has a 52-week low of $46.11 and a 52-week high of $69.89. The stock’s 50 day moving average is $66.13 and its 200-day moving average is $64.82.

Carnival Corporation (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. Carnival Corporation’s revenue was up 8.2% compared to the same quarter last year. Equities analysts expect that Carnival Corporation will post $3.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.73%. This is an increase from Carnival Corporation’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. Carnival Corporation’s payout ratio is presently 43.72%.

About Carnival Corporation

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

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

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