Candriam Luxembourg S.C.A. reduced its stake in Carnival Corp (NYSE:CCL) by 89.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,887 shares of the company’s stock after selling 97,296 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Carnival Corp were worth $593,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Trinity Street Asset Management increased its stake in Carnival Corp by 27.8% in the fourth quarter. Trinity Street Asset Management now owns 1,254,891 shares of the company’s stock valued at $68,366,000 after buying an additional 273,145 shares in the last quarter. DNB Asset Management increased its position in shares of Carnival Corp by 17.7% in the fourth quarter. DNB Asset Management now owns 901,129 shares of the company’s stock worth $49,093,508 after buying an additional 135,300 shares during the period. Swarthmore Group acquired a new position in shares of Carnival Corp during the fourth quarter worth approximately $34,930,000. PGGM Investments increased its position in shares of Carnival Corp by 117.5% in the fourth quarter. PGGM Investments now owns 608,140 shares of the company’s stock worth $33,131,000 after buying an additional 328,596 shares during the period. Finally, Pennsylvania Trust Company increased its position in shares of Carnival Corp by 79.5% in the fourth quarter. Pennsylvania Trust Company now owns 174,165 shares of the company’s stock worth $9,489,000 after buying an additional 77,145 shares during the period.

Shares of Carnival Corp (NYSE:CCL) traded down 8.2497% on Tuesday, hitting $44.9301. 12,795,929 shares of the company’s stock were exchanged. The stock has a market cap of $34.69 billion and a price-to-earnings ratio of 19.8806. The company’s 50-day moving average price is $51.79 and its 200 day moving average price is $51.31. Carnival Corp has a 12-month low of $42.51 and a 12-month high of $55.77.

Carnival Corp (NYSE:CCL) last announced its quarterly earnings data on Friday, December 18th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.09. During the same quarter last year, the firm earned $0.27 EPS. The firm earned $3.71 billion during the quarter. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts predict that Carnival Corp will post $3.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 11th. Stockholders of record on Friday, February 19th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.45%.

CCL has been the subject of a number of recent research reports. Goldman Sachs reduced their price objective on shares of Carnival Corp from $57.50 to $49.50 in a research note on Friday. Zacks Investment Research raised shares of Carnival Corp from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, November 25th. Deutsche Bank reissued a “buy” rating and issued a $60.00 price objective (up previously from $55.30) on shares of Carnival Corp in a research note on Monday, January 4th. Barclays reissued an “equal weight” rating and issued a $57.00 price objective (up previously from $54.00) on shares of Carnival Corp in a research note on Monday, December 21st. Finally, Buckingham Research reduced their price objective on shares of Carnival Corp from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, November 4th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $57.47.

In other news, General Counsel Arnaldo Perez sold 7,355 shares of the firm’s stock in a transaction on Tuesday, December 22nd. The shares were sold at an average price of $53.65, for a total value of $394,595.75. Following the sale, the general counsel now directly owns 61,618 shares in the company, valued at approximately $3,305,805.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stein Kruse sold 26,560 shares of the firm’s stock in a transaction on Friday, January 15th. The shares were sold at an average price of $49.92, for a total transaction of $1,325,875.20. Following the completion of the sale, the chief executive officer now owns 73,183 shares in the company, valued at $3,653,295.36. The disclosure for this sale can be found here.

Carnival Corporation is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands, Europe, Australia & Asia (NYSE:CCL) cruise brands, and Cruise Support. In addition, it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia) and P&O Cruises (United Kingdom). Its Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands, Roatan, Honduras and Puerto Plata, Dominican Republic. In addition to its cruise operations, it owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon.

12 Month Chart for NYSE:CCL

Receive News & Ratings for Carnival Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corp and related companies with MarketBeat.com's FREE daily email newsletter.