LMR Partners LLP reduced its stake in shares of Carnival Corp. (NYSE:CCL) by 24.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,994 shares of the company’s stock after selling 2,850 shares during the period. LMR Partners LLP’s holdings in Carnival Corp. were worth $397,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CCL. Capital Analysts LLC raised its stake in Carnival Corp. by 3.7% in the second quarter. Capital Analysts LLC now owns 3,316 shares of the company’s stock worth $147,000 after buying an additional 118 shares in the last quarter. Hall Laurie J Trustee raised its stake in Carnival Corp. by 6.9% in the second quarter. Hall Laurie J Trustee now owns 3,550 shares of the company’s stock worth $162,000 after buying an additional 230 shares in the last quarter. New England Research & Management Inc. purchased a new stake in Carnival Corp. during the second quarter worth about $225,000. Opera Trading Capital purchased a new stake in Carnival Corp. during the first quarter worth about $231,000. Finally, Magnetar Financial LLC purchased a new stake in Carnival Corp. during the first quarter worth about $262,000. Hedge funds and other institutional investors own 77.98% of the company’s stock.
Shares of Carnival Corp. (NYSE:CCL) traded up 0.19% during midday trading on Thursday, reaching $46.79. 3,638,255 shares of the company’s stock traded hands. Carnival Corp. has a 52-week low of $40.52 and a 52-week high of $55.77. The stock’s 50 day moving average price is $47.05 and its 200 day moving average price is $47.76. The firm has a market capitalization of $34.16 billion, a P/E ratio of 14.55 and a beta of 0.80.
Carnival Corp. (NYSE:CCL) last released its quarterly earnings data on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the 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 firm earned $5.10 billion during the quarter. During the same quarter in the prior year, the company earned $1.75 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Corp. will post $8.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.40 annualized dividend and a yield of 3.00%. Carnival Corp.’s dividend payout ratio is currently 42.94%.
A number of analysts have recently issued reports on CCL shares. Macquarie started coverage on shares of Carnival Corp. in a research note on Tuesday, October 4th. They set a “neutral” rating and a $55.00 price objective on the stock. Bank of America Corp. set a $53.40 price target on shares of Carnival Corp. and gave the stock a “buy” rating in a research note on Wednesday, September 21st. Buckingham Research lifted their price target on shares of Carnival Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, September 27th. HSBC began coverage on shares of Carnival Corp. in a research note on Monday, October 3rd. They issued a “buy” rating and a $60.00 price target for the company. Finally, Wells Fargo & Co. restated an “outperform” rating on shares of Carnival Corp. in a research note on Thursday, June 30th. One 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. The stock currently has a consensus rating of “Buy” and an average target price of $55.92.
In other Carnival Corp. news, CFO David Bernstein sold 4,030 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total transaction 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 $2,324,050.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.00% of the company’s stock.
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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