Carnival Corp. (CCL) Stake Increased by Investment House LLC
Investment House LLC boosted its stake in shares of Carnival Corp. (NYSE:CCL) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 116,730 shares of the company’s stock after buying an additional 1,425 shares during the period. Investment House LLC’s holdings in Carnival Corp. were worth $5,159,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of CCL. Bank of Montreal Can purchased a new position in shares of Carnival Corp. during the second quarter valued at about $101,474,000. Shell Asset Management Co. boosted its position in shares of Carnival Corp. by 40.6% in the second quarter. Shell Asset Management Co. now owns 36,454 shares of the company’s stock valued at $1,611,000 after buying an additional 10,526 shares during the period. A. D. Beadell Investment Counsel Inc. purchased a new position in shares of Carnival Corp. during the second quarter valued at about $1,378,000. Parametrica Management Ltd purchased a new position in shares of Carnival Corp. during the second quarter valued at about $331,000. Finally, CWM LLC boosted its position in shares of Carnival Corp. by 10.8% in the second quarter. CWM LLC now owns 62,024 shares of the company’s stock valued at $2,741,000 after buying an additional 6,024 shares during the period. Institutional investors own 77.99% of the company’s stock.
Carnival Corp. (NYSE:CCL) traded up 0.63% during trading on Tuesday, reaching $46.19. The company’s stock had a trading volume of 4,927,654 shares. Carnival Corp. has a 52 week low of $40.52 and a 52 week high of $55.77. The company has a market cap of $34.41 billion, a P/E ratio of 15.92 and a beta of 0.84. The company’s 50 day moving average price is $46.35 and its 200 day moving average price is $47.79.
Carnival Corp. (NYSE:CCL) last announced its earnings results on Tuesday, June 28th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.10. The firm earned $3.70 billion during the quarter. Carnival Corp. had a net margin of 14.00% and a return on equity of 10.37%. Carnival Corp.’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities analysts anticipate that Carnival Corp. will post $8.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.03%. Carnival Corp.’s dividend payout ratio is 48.44%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Carnival Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Sanford C. Bernstein assumed coverage on Carnival Corp. in a research report on Thursday, September 8th. They set a “market perform” rating and a $51.00 price target on the stock. Morgan Stanley cut Carnival Corp. from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $54.00 to $48.00 in a research report on Friday, September 2nd. Wells Fargo & Co. reiterated an “outperform” rating on shares of Carnival Corp. in a research report on Thursday, June 30th. Finally, Barclays PLC restated a “hold” rating and issued a $56.00 target price (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, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.35.
About Carnival Corp.
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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