Advisor Partners LLC raised its position in Carnival Corporation (NYSE:CCL) by 13.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,536 shares of the company’s stock after buying an additional 1,012 shares during the period. Advisor Partners LLC’s holdings in Carnival Corporation were worth $560,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in CCL. Dubuque Bank & Trust Co. acquired a new position in Carnival Corporation during the first quarter worth approximately $106,000. Point72 Asia Hong Kong Ltd acquired a new position in Carnival Corporation during the first quarter worth approximately $138,000. Harbour Capital Advisors LLC acquired a new position in Carnival Corporation during the first quarter worth approximately $147,000. Parallel Advisors LLC raised its position in Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock worth $167,000 after buying an additional 1,251 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares in the last quarter. 78.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carnival Corporation (NYSE:CCL) opened at 68.00 on Tuesday. 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 company has a market cap of $49.23 billion, a price-to-earnings ratio of 17.98 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Analysts predict that Carnival Corporation will post $3.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.35%. Carnival Corporation’s dividend payout ratio is presently 42.55%.
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A number of equities research analysts have issued reports on CCL shares. HSBC Holdings plc reiterated a “buy” rating and set a $71.00 price objective (up from $65.00) on shares of Carnival Corporation in a research note on Monday, June 26th. ValuEngine upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $68.00 price objective on shares of Carnival Corporation in a research note on Friday, June 16th. Instinet increased their price objective on shares of Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, June 23rd. Finally, UBS AG reiterated a “buy” rating and set a $67.00 price objective on shares of Carnival Corporation in a research note on Monday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $62.06.
In related news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 23.80% of the stock is owned by corporate insiders.
Carnival Corporation Company Profile
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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