NGAM Advisors L.P. Boosts Stake in Carnival Corporation (NYSE:CCL)

NGAM Advisors L.P. boosted its stake in Carnival Corporation (NYSE:CCL) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,207 shares of the company’s stock after buying an additional 7,818 shares during the period. NGAM Advisors L.P.’s holdings in Carnival Corporation were worth $15,423,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CCL. Sumitomo Life Insurance Co. raised its stake in shares of Carnival Corporation by 4.4% in the second quarter. Sumitomo Life Insurance Co. now owns 24,205 shares of the company’s stock valued at $1,587,000 after buying an additional 1,019 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Carnival Corporation by 13.3% in the second quarter. Shell Asset Management Co. now owns 32,790 shares of the company’s stock valued at $2,150,000 after buying an additional 3,851 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Carnival Corporation during the second quarter valued at approximately $265,000. Parkwood LLC bought a new stake in Carnival Corporation during the second quarter worth about $304,000. Finally, Paragon Capital Management Ltd raised its stake in Carnival Corporation by 4.5% in the second quarter. Paragon Capital Management Ltd now owns 10,526 shares of the company’s stock worth $690,000 after buying an additional 453 shares during the period. Institutional investors own 78.54% of the company’s stock.

Shares of Carnival Corporation (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. Carnival Corporation has a 12-month low of $44.11 and a 12-month high of $69.24. The stock’s 50-day moving average price is $66.96 and its 200-day moving average price is $61.73. The stock has a market capitalization of $48.84 billion, a price-to-earnings ratio of 17.84 and a beta of 0.75.

Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities analysts anticipate that Carnival Corporation will post $3.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued 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 (DPR) is presently 42.55%.

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A number of research firms have recently issued reports on CCL. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday. Zacks Investment Research upgraded Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Wednesday, July 12th. Deutsche Bank AG restated a “hold” rating and set a $62.00 price objective (up previously from $58.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Wedbush restated a “neutral” rating and set a $66.00 price objective (up previously from $61.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 target price (up previously from $68.00) on shares of Carnival Corporation in a report on Friday, June 23rd. 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 issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $62.49.

In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $67.52, for a total transaction of $1,012,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.80% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

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