Carnival Corporation (CCL) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its position in Carnival Corporation (NYSE:CCL) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,396,806 shares of the company’s stock after buying an additional 68,446 shares during the period. Schwab Charles Investment Management Inc. owned 0.19% of Carnival Corporation worth $91,589,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in 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 in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Carnival Corporation during the first quarter worth $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 last quarter. 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 last quarter. Finally, Peak Capital Management LLC bought a new stake in shares of Carnival Corporation during the second quarter worth $495,000. 78.54% of the stock is currently owned by institutional investors.
Carnival Corporation (NYSE:CCL) opened at 67.46 on Friday. The stock’s 50 day moving average price is $66.96 and its 200 day moving average price is $61.73. The firm has a market capitalization of $48.84 billion, a PE ratio of 17.84 and a beta of 0.75. Carnival Corporation has a 12 month low of $44.11 and a 12 month high of $69.24.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the company posted $0.49 EPS. Carnival Corporation’s revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio (DPR) is presently 42.55%.
A number of analysts have recently weighed in on the company. BidaskClub upgraded Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday. UBS AG reiterated a “buy” rating and set a $76.00 price target (up from $67.00) on shares of Carnival Corporation in a research report on Thursday. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Carnival Corporation in a research report on Tuesday, August 15th. Zacks Investment Research upgraded Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, August 1st. Finally, Bank of America Corporation reiterated a “buy” rating and set a $73.20 price target on shares of Carnival Corporation in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Carnival Corporation currently has a consensus rating of “Buy” and a consensus price target of $62.49.
In related news, insider Alan Buckelew sold 15,000 shares of the business’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 completion of the transaction, the insider now owns 150,860 shares in the company, valued at approximately $10,110,637.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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