Carnival Corp. (NYSE:CCL) shares traded down 2.3% during trading on Friday . The company traded as low as $44.75 and last traded at $45.26, with a volume of 3,986,736 shares. The stock had previously closed at $46.32.

Several brokerages have recently issued reports on CCL. Nomura Holdings Inc. reaffirmed a “buy” rating and set a $62.00 price objective on shares of Carnival Corp. in a report on Saturday, April 2nd. Berenberg Bank reaffirmed a “buy” rating and set a $60.00 price objective on shares of Carnival Corp. in a report on Wednesday, March 23rd. Barclays PLC upped their price objective on Carnival Corp. from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday, March 31st. Zacks Investment Research cut Carnival Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 8th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $60.00 price objective on shares of Carnival Corp. in a report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $58.00.

The firm’s 50 day moving average price is $46.58 and its 200 day moving average price is $48.65. The company has a market cap of $33.76 billion and a P/E ratio of 15.62.

Carnival Corp. (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 28th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.10. During the same quarter last year, the firm posted $0.25 EPS. The company had revenue of $3.70 billion for the quarter. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that Carnival Corp. will post $3.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 26th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.40 dividend on an annualized basis and a yield of 3.09%.

A number of large investors have bought and sold shares of the stock. LS Investment Advisors LLC increased its stake in Carnival Corp. by 10.3% in the fourth quarter. LS Investment Advisors LLC now owns 18,602 shares of the company’s stock worth $1,013,000 after buying an additional 1,742 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Carnival Corp. by 11.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 19,622 shares of the company’s stock worth $1,069,000 after buying an additional 1,994 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Carnival Corp. by 33.5% in the fourth quarter. Teacher Retirement System of Texas now owns 29,692 shares of the company’s stock worth $1,618,000 after buying an additional 7,450 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Carnival Corp. by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,073 shares of the company’s stock worth $1,638,000 after buying an additional 332 shares in the last quarter. Finally, Advantus Capital Management Inc increased its stake in Carnival Corp. by 1.3% in the fourth quarter. Advantus Capital Management Inc now owns 44,012 shares of the company’s stock worth $2,398,000 after buying an additional 580 shares in the last quarter.

Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.

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