Concert Wealth Management Inc. lowered its stake in Carnival Corp. (NYSE:CCL) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,375 shares of the company’s stock after selling 26 shares during the period. Concert Wealth Management Inc.’s holdings in Carnival Corp. were worth $237,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Primecap Management Co. CA boosted its stake in shares of Carnival Corp. by 0.4% in the first quarter. Primecap Management Co. CA now owns 22,515,830 shares of the company’s stock valued at $1,188,160,000 after buying an additional 100,400 shares during the period. American Century Companies Inc. raised its position in Carnival Corp. by 21.7% in the second quarter. American Century Companies Inc. now owns 4,199,272 shares of the company’s stock valued at $185,608,000 after buying an additional 750,017 shares in the last quarter. Geode Capital Management LLC raised its position in Carnival Corp. by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,812,827 shares of the company’s stock valued at $200,820,000 after buying an additional 31,287 shares in the last quarter. Bank of Montreal Can bought a new position in Carnival Corp. during the second quarter valued at approximately $101,474,000. Finally, Orbis Allan Gray Ltd bought a new position in Carnival Corp. during the first quarter valued at approximately $104,294,000. 77.98% of the stock is currently owned by institutional investors.
Shares of Carnival Corp. (NYSE:CCL) traded down 1.37% during trading on Friday, reaching $46.15. The company had a trading volume of 4,007,490 shares. The firm has a 50-day moving average price of $47.00 and a 200-day moving average price of $47.74. The company has a market capitalization of $33.69 billion, a P/E ratio of 14.35 and a beta of 0.80. Carnival Corp. has a 52-week low of $40.52 and a 52-week high of $55.77.
Carnival Corp. (NYSE:CCL) last released its quarterly earnings data on Monday, September 26th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. The company had revenue of $5.10 billion for the quarter. Carnival Corp. had a return on equity of 10.76% and a net margin of 15.10%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.75 earnings per share. On average, analysts predict that Carnival Corp. will post $8.23 EPS for the current fiscal year.
Several research analysts have recently commented on CCL shares. Macquarie started coverage on Carnival Corp. in a report on Tuesday, October 4th. They set a “neutral” rating and a $55.00 price target on the stock. Bank of America Corp. set a $53.40 price target on Carnival Corp. and gave the stock a “buy” rating in a report on Wednesday, September 21st. Buckingham Research lifted their price target on Carnival Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, September 27th. HSBC started coverage on Carnival Corp. in a report on Monday, October 3rd. They set a “buy” rating and a $60.00 price target on the stock. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Carnival Corp. in a report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. Carnival Corp. currently has a consensus rating of “Buy” and a consensus target price of $55.92.
In other news, CFO David Bernstein sold 4,030 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total value of $198,195.40. Following the transaction, the chief financial officer now directly owns 47,256 shares in the company, valued at approximately $2,324,050.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 22.00% of the stock is owned by 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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