Chartwell Investment Partners LLC lowered its position in shares of Carnival Corporation (NYSE:CCL) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,770 shares of the company’s stock after selling 35,420 shares during the period. Chartwell Investment Partners LLC’s holdings in Carnival Corporation were worth $18,279,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Dubuque Bank & Trust Co. acquired a new stake in shares of Carnival Corporation during the first quarter worth approximately $106,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Carnival Corporation during the first quarter worth approximately $138,000. Harbour Capital Advisors LLC acquired a new stake in shares of Carnival Corporation during the first quarter worth approximately $147,000. Bessemer Group Inc. increased its stake in shares of Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock worth $167,000 after buying an additional 1,251 shares during the last quarter. 78.54% of the stock is owned by institutional investors.
Carnival Corporation (NYSE:CCL) opened at 67.51 on Friday. The company has a market capitalization of $48.88 billion, a price-to-earnings ratio of 17.86 and a beta of 0.75. Carnival Corporation has a 12-month low of $44.11 and a 12-month high of $69.24. The stock has a 50 day moving average price of $66.89 and a 200-day moving average price of $61.64.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts predict that Carnival Corporation will post $3.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders 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 dividend yield of 2.37%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s payout ratio is 42.55%.
A number of brokerages recently commented on CCL. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Carnival Corporation in a research report on Friday, June 16th. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Carnival Corporation in a research report on Tuesday. UBS AG reaffirmed a “buy” rating and set a $76.00 price target (up from $67.00) on shares of Carnival Corporation in a research report on Thursday. Finally, BidaskClub downgraded Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $62.49.
In other news, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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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