Deltec Asset Management LLC Buys 14,000 Shares of Carnival Corp. (CCL)
Deltec Asset Management LLC increased its position in shares of Carnival Corp. (NYSE:CCL) by 40.0% during the second quarter, Holdings Channel reports. The firm owned 49,000 shares of the company’s stock after buying an additional 14,000 shares during the period. Deltec Asset Management LLC’s holdings in Carnival Corp. were worth $2,166,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Capital Analysts LLC raised its stake in Carnival Corp. by 3.7% in the second quarter. Capital Analysts LLC now owns 3,316 shares of the company’s stock worth $147,000 after buying an additional 118 shares during the period. Hall Laurie J Trustee raised its stake in Carnival Corp. by 6.9% in the second quarter. Hall Laurie J Trustee now owns 3,550 shares of the company’s stock worth $162,000 after buying an additional 230 shares during the period. Wunderlich Capital Managemnt raised its stake in shares of Carnival Corp. by 24.4% in the first quarter. Wunderlich Capital Managemnt now owns 3,684 shares of the company’s stock worth $194,000 after buying an additional 723 shares during the period. New England Research & Management Inc. acquired a new stake in shares of Carnival Corp. during the second quarter worth $225,000. Finally, Opera Trading Capital acquired a new stake in shares of Carnival Corp. during the first quarter worth $231,000. Institutional investors and hedge funds own 77.99% of the company’s stock.
Shares of Carnival Corp. (NYSE:CCL) traded up 0.63% during trading on Tuesday, hitting $46.19. The stock had a trading volume of 4,927,654 shares. The stock’s 50 day moving average is $46.36 and its 200 day moving average is $47.80. The stock has a market capitalization of $34.41 billion, a price-to-earnings ratio of 15.92 and a beta of 0.84. Carnival Corp. has a 52 week low of $40.52 and a 52 week high of $55.77.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 28th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. Carnival Corp. had a return on equity of 10.37% and a net margin of 14.00%. The firm had revenue of $3.70 billion for the quarter. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts expect that Carnival Corp. will post $8.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.40 annualized dividend and a yield of 3.03%. Carnival Corp.’s dividend payout ratio is 48.44%.
A number of brokerages have weighed in on CCL. Zacks Investment Research lowered Carnival Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Goldman Sachs Group Inc. raised their price objective on Carnival Corp. from $46.50 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, June 29th. Barclays PLC restated a “hold” rating and set a $56.00 price objective (down previously from $58.00) on shares of Carnival Corp. in a research note on Wednesday, June 29th. Nomura restated a “buy” rating and set a $62.00 price objective on shares of Carnival Corp. in a research note on Wednesday, June 29th. Finally, Tigress Financial upgraded Carnival Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Carnival Corp. currently has an average rating of “Buy” and an average price target of $57.35.
Carnival Corp. Company Profile
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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