Candriam Luxembourg S.C.A. Purchases 19,068 Shares of Carnival Corporation (CCL)
Candriam Luxembourg S.C.A. boosted its stake in Carnival Corporation (NYSE:CCL) by 81.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,517 shares of the company’s stock after buying an additional 19,068 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Carnival Corporation were worth $2,788,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of CCL. Quantitative Systematic Strategies LLC boosted its stake in Carnival Corporation by 260.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 46,915 shares of the company’s stock worth $2,764,000 after buying an additional 33,913 shares in the last quarter. Boston Advisors LLC boosted its stake in Carnival Corporation by 69.0% in the first quarter. Boston Advisors LLC now owns 11,635 shares of the company’s stock worth $685,000 after buying an additional 4,750 shares in the last quarter. DnB Asset Management AS boosted its stake in Carnival Corporation by 13.9% in the first quarter. DnB Asset Management AS now owns 852,406 shares of the company’s stock worth $50,215,000 after buying an additional 104,300 shares in the last quarter. Private Wealth Partners LLC boosted its stake in Carnival Corporation by 0.6% in the first quarter. Private Wealth Partners LLC now owns 15,650 shares of the company’s stock worth $922,000 after buying an additional 100 shares in the last quarter. Finally, Lodestar Investment Counsel LLC IL boosted 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 worth $710,000 after buying an additional 300 shares in the last quarter. 78.82% of the stock is currently owned by institutional investors.
Carnival Corporation (CCL) opened at 68.16 on Thursday. Carnival Corporation has a 12-month low of $44.11 and a 12-month high of $68.87. The firm has a 50-day moving average price of $66.54 and a 200-day moving average price of $61.15. The company has a market cap of $49.35 billion, a P/E ratio of 18.03 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last issued its earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.89 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. On average, analysts forecast that Carnival Corporation will post $3.74 earnings per share for the current fiscal 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 paid a $0.40 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.35%. Carnival Corporation’s payout ratio is 42.55%.
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A number of equities research analysts have recently commented on CCL shares. HSBC Holdings plc reissued a “buy” rating and issued a $71.00 target price (up from $65.00) on shares of Carnival Corporation in a research note on Monday, June 26th. ValuEngine raised Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Carnival Corporation in a research note on Friday, June 16th. Instinet increased their target price on Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, June 23rd. Finally, UBS AG reissued a “buy” rating and issued a $67.00 target price on shares of Carnival Corporation in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $62.06.
In other news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $67.52, for a total value of $1,012,800.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 23.80% of the stock is owned by corporate insiders.
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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