LS Investment Advisors LLC increased its stake in shares of Carnival Corp. (NYSE:CCL) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,793 shares of the company’s stock after buying an additional 673 shares during the period. LS Investment Advisors LLC’s holdings in Carnival Corp. were worth $875,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. boosted its position in Carnival Corp. by 10.7% in the second quarter. 1st Global Advisors Inc. now owns 14,266 shares of the company’s stock valued at $631,000 after buying an additional 1,378 shares during the last quarter. Rockefeller Financial Services Inc. boosted its position in Carnival Corp. by 2.3% in the second quarter. Rockefeller Financial Services Inc. now owns 278,399 shares of the company’s stock valued at $12,305,000 after buying an additional 6,302 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new position in Carnival Corp. during the second quarter valued at approximately $4,712,000. State of Alaska Department of Revenue boosted its position in Carnival Corp. by 1.7% in the second quarter. State of Alaska Department of Revenue now owns 15,070 shares of the company’s stock valued at $666,000 after buying an additional 250 shares during the last quarter. Finally, Capital One National Association boosted its position in Carnival Corp. by 9.5% in the second quarter. Capital One National Association now owns 18,545 shares of the company’s stock valued at $820,000 after buying an additional 1,606 shares during the last quarter. 77.98% of the stock is currently owned by hedge funds and other institutional investors.
Carnival Corp. (NYSE:CCL) traded down 1.39% during trading on Tuesday, hitting $46.85. 3,515,733 shares of the stock were exchanged. The stock has a market cap of $34.20 billion, a price-to-earnings ratio of 14.57 and a beta of 0.80. The firm’s 50 day moving average price is $47.08 and its 200-day moving average price is $47.78. Carnival Corp. has a 1-year low of $40.52 and a 1-year high of $55.77.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings data on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.03. Carnival Corp. had a return on equity of 10.76% and a net margin of 15.10%. The business earned $5.10 billion during the quarter. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Carnival Corp.’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Carnival Corp. will post $8.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.40 annualized dividend and a dividend yield of 2.99%. Carnival Corp.’s dividend payout ratio is presently 42.94%.
Several research firms have commented on CCL. Macquarie began coverage on shares of Carnival Corp. in a research note on Tuesday, October 4th. They set a “neutral” rating and a $55.00 target price on the stock. HSBC began coverage on shares of Carnival Corp. in a research report on Monday, October 3rd. They set a “buy” rating and a $60.00 price objective for the company. Deutsche Bank AG began coverage on shares of Carnival Corp. in a research report on Thursday, September 29th. They set a “hold” rating and a $48.00 price objective for the company. Wells Fargo & Co. restated a “buy” rating on shares of Carnival Corp. in a research report on Wednesday, September 28th. Finally, Wedbush restated a “neutral” rating and set a $54.00 price objective on shares of Carnival Corp. in a research report on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Carnival Corp. presently has a consensus rating of “Buy” and an average target price of $55.92.
In related news, CFO David Bernstein sold 4,030 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total value of $198,195.40. Following the completion of the transaction, the chief financial officer now directly owns 47,256 shares in the company, valued at approximately $2,324,050.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.00% of the stock is owned by corporate insiders.
Carnival Corp. Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.
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