Oregon Public Employees Retirement Fund continued to hold its stake in Carnival Corporation (NYSE:CCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,353 shares of the company’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Carnival Corporation were worth $10,121,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Carnival Corporation by 2,672.9% in the first quarter. BlackRock Inc. now owns 27,919,132 shares of the company’s stock worth $1,644,716,000 after buying an additional 26,912,293 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Carnival Corporation by 129.9% in the first quarter. Ameriprise Financial Inc. now owns 3,395,780 shares of the company’s stock worth $201,341,000 after buying an additional 1,918,638 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Carnival Corporation by 6.5% in the first quarter. Bank of America Corp DE now owns 24,838,450 shares of the company’s stock worth $1,463,234,000 after buying an additional 1,519,630 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Carnival Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 27,985,243 shares of the company’s stock worth $1,648,612,000 after buying an additional 1,150,341 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Carnival Corporation during the first quarter worth approximately $47,471,000. 78.77% of the stock is currently owned by institutional investors.
Shares of Carnival Corporation (NYSE:CCL) opened at 67.81 on Friday. The stock has a 50 day moving average of $66.11 and a 200 day moving average of $60.63. Carnival Corporation has a 1-year low of $44.11 and a 1-year high of $68.29. The firm has a market cap of $49.09 billion, a PE ratio of 17.93 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Equities research analysts anticipate that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.36%. Carnival Corporation’s dividend payout ratio is currently 42.55%.
CCL has been the topic of a number of recent analyst reports. HSBC Holdings plc reissued a “buy” rating and issued a $71.00 price objective (up from $65.00) on shares of Carnival Corporation in a research report on Monday, June 26th. Wedbush reissued a “neutral” rating and issued a $66.00 price objective (up from $61.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. Wolfe Research raised shares of Carnival Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 25th. Credit Suisse Group reissued an “outperform” rating and issued a $74.00 price objective (up from $69.00) on shares of Carnival Corporation in a research report on Saturday, June 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Carnival Corporation in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $62.06.
In other news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 150,860 shares in the company, valued at $10,110,637.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.80% of the stock is currently owned by corporate insiders.
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.
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