First Capital Advisors Group LLC. reduced its stake in Carnival Corporation (NYSE:CCL) by 13.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,189 shares of the company’s stock after selling 1,772 shares during the period. First Capital Advisors Group LLC.’s holdings in Carnival Corporation were worth $734,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC bought a new stake in Carnival Corporation during the second quarter valued at approximately $34,607,000. Foundry Partners LLC acquired a new position in shares of Carnival Corporation during the second quarter worth about $12,623,000. Schwab Charles Investment Management Inc. boosted its position in shares of Carnival Corporation by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,396,806 shares of the company’s stock worth $91,589,000 after buying an additional 68,446 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Carnival Corporation by 8.7% in the second quarter. Wetherby Asset Management Inc. now owns 6,132 shares of the company’s stock worth $402,000 after buying an additional 491 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Carnival Corporation by 80.1% in the second quarter. Canada Pension Plan Investment Board now owns 221,200 shares of the company’s stock worth $14,504,000 after buying an additional 98,400 shares during the period. 78.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Carnival Corporation (NYSE CCL) opened at 67.38 on Friday. The company has a market capitalization of $48.78 billion, a price-to-earnings ratio of 17.82 and a beta of 0.75. Carnival Corporation has a 52 week low of $44.11 and a 52 week high of $68.87. The stock has a 50 day moving average of $66.57 and a 200-day moving average of $61.19.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm posted $0.49 EPS. Carnival Corporation’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts anticipate that Carnival Corporation will post $3.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is presently 42.55%.
A number of brokerages recently issued reports on CCL. Zacks Investment Research raised shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Wednesday, July 12th. Deutsche Bank AG reissued a “hold” rating and set a $62.00 price target (up from $58.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. Wedbush reissued a “neutral” rating and set a $66.00 price target (up from $61.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. Stifel Nicolaus reissued a “buy” rating and set a $74.00 price target (up from $68.00) on shares of Carnival Corporation in a research report on Friday, June 23rd. Finally, ValuEngine raised shares of Carnival Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $62.06.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the transaction, the insider now directly owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.80% of the company’s stock.
About Carnival Corporation
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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