Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in Carnival Corporation (NYSE:CCL) by 10.5% during the second quarter, Holdings Channel reports. The fund owned 50,841 shares of the company’s stock after selling 5,952 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Carnival Corporation were worth $3,334,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gulf International Bank UK Ltd increased its position in shares of 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 last quarter. Capstone Asset Management Co. increased its position in shares of 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 last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Carnival Corporation during the first quarter worth approximately $903,000. Reliance Trust Co. of Delaware increased its position in shares of Carnival Corporation by 115.2% in the first quarter. Reliance Trust Co. of Delaware now owns 9,650 shares of the company’s stock worth $568,000 after buying an additional 5,166 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its position 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 last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Shares of Carnival Corporation (NYSE:CCL) opened at 67.48 on Friday. The firm has a market cap of $48.86 billion, a price-to-earnings ratio of 17.85 and a beta of 0.75. The stock has a 50 day moving average price of $66.62 and a 200 day moving average price of $61.29. Carnival Corporation has a one year low of $44.11 and a one year high of $68.87.

Carnival Corporation (NYSE:CCL) last released its earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. On average, equities research analysts forecast that Carnival Corporation will post $3.74 EPS 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 (DPR) is currently 42.55%.

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A number of research analysts recently commented on CCL shares. UBS AG restated 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 upgraded Carnival Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 25th. ValuEngine upgraded Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group restated an “outperform” rating and set a $74.00 price objective (up from $69.00) on shares of Carnival Corporation in a research note on Saturday, June 3rd. Finally, William Blair restated an “outperform” rating on shares of Carnival Corporation in a research note on Friday, June 9th. One investment 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 company 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 Carnival Corporation 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 sale, the insider now directly owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The transaction 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 company 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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Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

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