Carnival Corp. (CCL) Shares Gap Up to $45.44
Carnival Corp. (NYSE:CCL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $45.27, but opened at $45.44. Carnival Corp. shares last traded at $46.03, with a volume of 2,550,364 shares.
CCL has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Carnival Corp. in a report on Sunday, July 24th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Carnival Corp. in a report on Thursday, June 30th. Tigress Financial raised Carnival Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, May 31st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $60.00 price objective on shares of Carnival Corp. in a report on Tuesday, May 24th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $56.00 price objective (down from $58.00) on shares of Carnival Corp. in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.00.
The company has a market cap of $34.21 billion and a P/E ratio of 15.82. The company has a 50-day moving average price of $45.59 and a 200 day moving average price of $47.78.
Carnival Corp. (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 28th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The business earned $3.70 billion during the quarter. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that Carnival Corp. will post $3.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.05%.
Several hedge funds and institutional investors have added to or reduced their stakes in the stock. American International Group Inc. increased its position in Carnival Corp. by 6.8% in the fourth quarter. American International Group Inc. now owns 168,557 shares of the company’s stock worth $9,183,000 after buying an additional 10,744 shares during the last quarter. BlackRock Advisors LLC increased its position in Carnival Corp. by 1.0% in the fourth quarter. BlackRock Advisors LLC now owns 2,830,289 shares of the company’s stock worth $154,194,000 after buying an additional 27,162 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Carnival Corp. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,570,888 shares of the company’s stock worth $140,071,000 after buying an additional 29,330 shares in the last quarter. Alpine Woods Capital Investors LLC increased its position in Carnival Corp. by 37.3% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 211,500 shares of the company’s stock worth $11,523,000 after buying an additional 57,500 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in Carnival Corp. during the fourth quarter worth about $22,882,000.
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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