Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Carnival Corp (NYSE:CCL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 220,700 shares of the company’s stock, valued at approximately $12,648,000.
A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Carnival by 5.5% during the first quarter. BlackRock Inc. now owns 31,448,549 shares of the company’s stock valued at $2,062,397,000 after buying an additional 1,644,059 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Carnival by 15.6% during the first quarter. OppenheimerFunds Inc. now owns 9,178,493 shares of the company’s stock valued at $601,926,000 after buying an additional 1,236,840 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Carnival by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 3,921,357 shares of the company’s stock worth $224,733,000 after purchasing an additional 55,116 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Carnival by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,140,823 shares of the company’s stock worth $179,999,000 after purchasing an additional 62,365 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Carnival by 10.0% in the second quarter. FMR LLC now owns 2,894,591 shares of the company’s stock worth $165,888,000 after purchasing an additional 262,856 shares in the last quarter. 75.71% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Carnival from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, May 22nd. Buckingham Research reduced their price target on shares of Carnival from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, May 25th. Stifel Nicolaus increased their price target on shares of Carnival from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. ValuEngine raised shares of Carnival from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Finally, Credit Suisse Group set a $75.00 price target on shares of Carnival and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Carnival has an average rating of “Buy” and a consensus target price of $74.00.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Monday, June 25th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.09. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.32 billion. Carnival had a net margin of 15.40% and a return on equity of 12.31%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. analysts predict that Carnival Corp will post 4.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 24th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, August 23rd. Carnival’s payout ratio is presently 52.36%.
Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.
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