Aperio Group LLC increased its position in Carnival Corporation (NYSE:CCL) by 16.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 165,333 shares of the company’s stock after buying an additional 23,045 shares during the period. Aperio Group LLC’s holdings in Carnival Corporation were worth $10,841,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Dubuque Bank & Trust Co. bought a new position in shares of Carnival Corporation during the first quarter worth approximately $106,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Carnival Corporation during the first quarter worth approximately $138,000. Harbour Capital Advisors LLC acquired a new position in Carnival Corporation during the first quarter valued at approximately $147,000. Parallel Advisors LLC boosted its position in Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock valued at $167,000 after buying an additional 1,251 shares during the period. Finally, Wesbanco Bank Inc. acquired a new position in Carnival Corporation during the first quarter valued at approximately $201,000. Institutional investors own 78.54% of the company’s stock.
Carnival Corporation (NYSE CCL) traded down 0.07% during mid-day trading on Friday, hitting $67.46. The stock had a trading volume of 2,797,224 shares. The company has a market cap of $48.84 billion, a P/E ratio of 17.84 and a beta of 0.75. The company has a 50-day moving average price of $66.96 and a 200 day moving average price of $61.73. Carnival Corporation has a 1-year low of $44.11 and a 1-year high of $69.24.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share 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 for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Carnival Corporation will post $3.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 of this dividend is Wednesday, August 23rd. Carnival Corporation’s payout ratio is currently 42.55%.
Several research firms recently commented on CCL. Zacks Investment Research upgraded Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Wednesday, July 12th. William Blair reissued an “outperform” rating on shares of Carnival Corporation in a report on Friday, June 9th. UBS AG reissued a “buy” rating and issued a $76.00 price objective (up from $67.00) on shares of Carnival Corporation in a report on Thursday. BidaskClub raised Carnival Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $57.00 price objective (up from $55.00) on shares of Carnival Corporation in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $62.49.
In related news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.80% of the stock is owned by company insiders.
Carnival Corporation Company Profile
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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