Kovitz Investment Group Partners LLC Acquires New Stake in Carnival Corporation (NYSE:CCL)
Kovitz Investment Group Partners LLC acquired a new stake in shares of Carnival Corporation (NYSE:CCL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,022 shares of the company’s stock, valued at approximately $1,116,000.
Several other large investors have also recently bought and sold shares of CCL. Lodestar Investment Counsel LLC IL increased its stake in Carnival Corporation by 2.6% in the first quarter. Lodestar Investment Counsel LLC IL now owns 12,050 shares of the company’s stock valued at $710,000 after buying an additional 300 shares during the last quarter. Teachers Advisors LLC increased its stake in Carnival Corporation by 4.0% in the first quarter. Teachers Advisors LLC now owns 1,313,131 shares of the company’s stock valued at $77,357,000 after buying an additional 50,283 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in Carnival Corporation during the first quarter valued at $525,000. SG Americas Securities LLC increased its stake in Carnival Corporation by 899.3% in the first quarter. SG Americas Securities LLC now owns 161,580 shares of the company’s stock valued at $9,519,000 after buying an additional 145,410 shares during the last quarter. Finally, AT Bancorp increased its stake in Carnival Corporation by 28.3% in the first quarter. AT Bancorp now owns 19,423 shares of the company’s stock valued at $1,144,000 after buying an additional 4,283 shares during the last quarter. 78.82% of the stock is owned by institutional investors and hedge funds.
Carnival Corporation (NYSE:CCL) opened at 68.03 on Wednesday. The stock has a 50 day moving average price of $66.35 and a 200-day moving average price of $60.78. Carnival Corporation has a 12 month low of $44.11 and a 12 month high of $68.87. The stock has a market cap of $49.25 billion, a PE ratio of 17.99 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last announced its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. Carnival Corporation’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. On average, analysts expect that Carnival Corporation will post $3.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio (DPR) is presently 42.55%.
CCL has been the subject of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price objective on shares of Carnival Corporation in a report on Friday, June 16th. Credit Suisse Group reaffirmed an “outperform” rating and set a $74.00 price target (up from $69.00) on shares of Carnival Corporation in a report on Saturday, June 3rd. KeyCorp downgraded Carnival Corporation to an “overweight” rating in a report on Thursday, July 6th. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, August 1st. Finally, Instinet increased their price target on Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, June 23rd. One research 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’s stock. The stock currently has an average rating of “Buy” and an average target price of $62.06.
In other news, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $67.52, for a total transaction of $1,012,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 23.80% of the stock is owned by insiders.
Carnival Corporation Company Profile
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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