New Mexico Educational Retirement Board decreased its position in shares of Carnival Corporation (NYSE:CCL) by 8.3% during the second quarter, Holdings Channel reports. The firm owned 38,867 shares of the company’s stock after selling 3,500 shares during the period. New Mexico Educational Retirement Board’s holdings in Carnival Corporation were worth $2,596,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd raised its stake in Carnival Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 111,038 shares of the company’s stock worth $6,541,000 after buying an additional 1,300 shares during the period. Gradient Investments LLC raised its stake in Carnival Corporation by 1.9% in the first quarter. Gradient Investments LLC now owns 112,148 shares of the company’s stock worth $6,607,000 after buying an additional 2,060 shares during the period. Regentatlantic Capital LLC raised its stake in Carnival Corporation by 9.0% in the first quarter. Regentatlantic Capital LLC now owns 37,207 shares of the company’s stock worth $2,192,000 after buying an additional 3,086 shares during the period. Capstone Asset Management Co. raised its stake in Carnival Corporation by 3.1% in the first quarter. Capstone Asset Management Co. now owns 35,001 shares of the company’s stock worth $2,062,000 after buying an additional 1,060 shares during the period. Finally, Bremer Trust National Association raised its stake in Carnival Corporation by 2.0% in the first quarter. Bremer Trust National Association now owns 39,991 shares of the company’s stock worth $2,356,000 after buying an additional 775 shares during the period. 78.82% of the stock is owned by hedge funds and other institutional investors.

Carnival Corporation (NYSE: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’s 50-day moving average price is $66.54 and its 200 day moving average price is $61.15. The stock has a market cap of $49.35 billion, a price-to-earnings 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 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 business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts anticipate that Carnival Corporation will post $3.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is 42.55%.

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CCL has been the subject of a number of analyst reports. UBS AG reissued a “buy” rating and set a $67.00 price objective on shares of Carnival Corporation in a research note on Monday, April 17th. Wolfe Research raised Carnival Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 25th. ValuEngine raised Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group reissued an “outperform” rating and set a $74.00 price objective (up previously from $69.00) on shares of Carnival Corporation in a research note on Saturday, June 3rd. Finally, William Blair reissued an “outperform” rating on shares of Carnival Corporation in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.06.

In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 23.80% of the stock is currently 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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Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

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