Cooke & Bieler LP lowered its position in Carnival Corp. (NYSE:CCL) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,352,861 shares of the company’s stock after selling 2,960 shares during the period. Cooke & Bieler LP’s holdings in Carnival Corp. were worth $59,796,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Capital Analysts LLC increased its stake in shares of 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 during the period. Conning Inc. increased its stake in Carnival Corp. by 1.1% in the second quarter. Conning Inc. now owns 10,914 shares of the company’s stock valued at $482,000 after buying an additional 120 shares during the last quarter. Capstone Asset Management Co. increased its stake in Carnival Corp. by 0.5% in the second quarter. Capstone Asset Management Co. now owns 31,681 shares of the company’s stock valued at $1,400,000 after buying an additional 145 shares during the last quarter. Private Asset Management Inc. increased its stake in Carnival Corp. by 3.1% in the second quarter. Private Asset Management Inc. now owns 7,390 shares of the company’s stock valued at $327,000 after buying an additional 225 shares during the last quarter. Finally, Hall Laurie J Trustee increased 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 valued at $162,000 after buying an additional 230 shares during the last quarter. 77.93% of the stock is owned by institutional investors.
Shares of Carnival Corp. (NYSE:CCL) traded down 0.09% on Monday, hitting $46.11. The company had a trading volume of 2,996,178 shares. The company has a market cap of $33.66 billion, a price-to-earnings ratio of 14.34 and a beta of 0.80. The company has a 50 day moving average of $47.00 and a 200-day moving average of $47.74. Carnival Corp. has a 12-month low of $40.52 and a 12-month high of $55.77.
Carnival Corp. (NYSE:CCL) last announced its earnings results on Monday, September 26th. The company reported $1.92 EPS for the quarter, topping 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 firm had revenue of $5.10 billion for the quarter. During the same period in the previous year, the firm earned $1.75 EPS. Carnival Corp.’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that Carnival Corp. will post $8.23 earnings per share for the current year.
Several research firms have recently weighed in on CCL. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 target price on shares of Carnival Corp. in a report on Tuesday, September 27th. Wells Fargo & Co. reissued a “buy” rating on shares of Carnival Corp. in a report on Wednesday, September 28th. Sanford C. Bernstein began coverage on Carnival Corp. in a report on Thursday, September 8th. They issued a “market perform” rating and a $51.00 target price for the company. Morgan Stanley downgraded Carnival Corp. from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $54.00 to $48.00 in a report on Friday, September 2nd. Finally, Goldman Sachs Group Inc. boosted their target price on Carnival Corp. from $46.50 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Carnival Corp. has a consensus rating of “Buy” and a consensus price target 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 transaction of $198,195.40. Following the sale, the chief financial officer now owns 47,256 shares of the company’s stock, valued at $2,324,050.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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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