Carnival Corporation (NYSE:CCL) Shares Bought by Rhumbline Advisers
Rhumbline Advisers boosted its position in shares of Carnival Corporation (NYSE:CCL) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 717,993 shares of the company’s stock after buying an additional 6,557 shares during the period. Rhumbline Advisers’ holdings in Carnival Corporation were worth $47,079,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Lodestar Investment Counsel LLC IL boosted its stake in shares of 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 during the period. Teachers Advisors LLC boosted its stake in shares of Carnival Corporation by 4.0% in the first quarter. Teachers Advisors LLC now owns 1,313,131 shares of the company’s stock worth $77,357,000 after buying an additional 50,283 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Carnival Corporation during the first quarter worth approximately $525,000. SG Americas Securities LLC boosted its stake in shares of Carnival Corporation by 899.3% in the first quarter. SG Americas Securities LLC now owns 161,580 shares of the company’s stock worth $9,519,000 after buying an additional 145,410 shares during the period. Finally, AT Bancorp boosted its stake in shares of Carnival Corporation by 28.3% in the first quarter. AT Bancorp now owns 19,423 shares of the company’s stock worth $1,144,000 after buying an additional 4,283 shares during the period. 78.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carnival Corporation (NYSE:CCL) opened at 67.48 on Friday. The stock has a market cap of $48.86 billion, a price-to-earnings ratio of 17.85 and a beta of 0.75. The firm has a 50-day moving average of $66.62 and a 200 day moving average of $61.29. Carnival Corporation has a 1-year low of $44.11 and a 1-year high of $68.87.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. Carnival Corporation’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Equities research analysts forecast 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. Stockholders of record on Friday, August 25th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.37%. Carnival Corporation’s dividend payout ratio is presently 42.55%.
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CCL has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Carnival Corporation in a research report on Friday, June 16th. 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 report on Saturday, June 3rd. KeyCorp cut shares of Carnival Corporation to an “overweight” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday, August 1st. Finally, Instinet increased their price objective on shares of Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company. Carnival Corporation 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 company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $67.02, for a total value of $1,005,300.00. Following the transaction, the insider now owns 150,860 shares in the company, valued at $10,110,637.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 23.80% of the company’s stock.
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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