Carnival Corporation (NYSE:CCL) Shares Bought by Davis R M Inc.
Davis R M Inc. increased its position in Carnival Corporation (NYSE:CCL) by 55.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,815 shares of the company’s stock after buying an additional 38,960 shares during the period. Davis R M Inc.’s holdings in Carnival Corporation were worth $7,135,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. bought a new stake in Carnival Corporation during the first quarter worth $106,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Carnival Corporation during the first quarter worth approximately $138,000. Harbour Capital Advisors LLC acquired a new position in shares of Carnival Corporation during the first quarter worth approximately $147,000. Bessemer Group Inc. boosted its position in shares of Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock worth $167,000 after buying an additional 1,251 shares during the last quarter. 78.82% of the stock is currently owned by institutional investors.
Shares of Carnival Corporation (NYSE CCL) opened at 67.81 on Monday. Carnival Corporation has a 12 month low of $44.11 and a 12 month high of $68.29. The stock has a market capitalization of $49.09 billion, a price-to-earnings ratio of 17.93 and a beta of 0.75. The firm’s 50 day moving average is $66.11 and its 200 day moving average is $60.63.
Carnival Corporation (NYSE:CCL) last issued its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.36%. Carnival Corporation’s payout ratio is 42.55%.
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A number of brokerages have recently commented on CCL. UBS AG reaffirmed a “buy” rating and issued a $67.00 target price on shares of Carnival Corporation in a report on Monday, April 17th. Zacks Investment Research raised shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Wednesday, July 12th. William Blair reaffirmed an “outperform” rating on shares of Carnival Corporation in a report on Friday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $74.00 target price (up from $68.00) on shares of Carnival Corporation in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $57.00 target price (up from $55.00) on shares of Carnival Corporation in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $62.06.
In other news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $67.02, for a total value of $1,005,300.00. Following the completion of the transaction, the insider now owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 23.80% of the company’s stock.
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.
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