Aberdeen Asset Management PLC UK Has $8.41 Million Holdings in Carnival Corporation (CCL)
Aberdeen Asset Management PLC UK grew its position in Carnival Corporation (NYSE:CCL) by 12.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,253 shares of the company’s stock after acquiring an additional 14,385 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Carnival Corporation were worth $8,410,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. Cleararc Capital Inc. raised its position in shares of Carnival Corporation by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 10,237 shares of the company’s stock worth $603,000 after purchasing an additional 63 shares during the last quarter. Blair William & Co. IL raised its position in shares of Carnival Corporation by 1.7% during the 1st quarter. Blair William & Co. IL now owns 4,214 shares of the company’s stock worth $241,000 after purchasing an additional 72 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Carnival Corporation by 1.7% during the 2nd quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after purchasing an additional 75 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Carnival Corporation by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,096 shares of the company’s stock worth $1,055,000 after purchasing an additional 93 shares during the last quarter. Finally, Norinchukin Bank The raised its position in shares of Carnival Corporation by 0.3% during the 1st quarter. Norinchukin Bank The now owns 57,951 shares of the company’s stock worth $3,414,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.
Carnival Corporation (CCL) opened at 68.42 on Thursday. The company has a market cap of $49.54 billion, a price-to-earnings ratio of 18.10 and a beta of 0.74. The company has a 50-day moving average of $67.68 and a 200-day moving average of $63.21. Carnival Corporation has a 12 month low of $45.29 and a 12 month high of $69.89.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ 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 was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. Analysts predict that Carnival Corporation will post $3.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. Carnival Corporation’s payout ratio is presently 42.55%.
In other Carnival Corporation 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 transaction of $1,005,300.00. Following the completion of the transaction, the insider now directly owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.80% of the stock is currently owned by company insiders.
Several research firms recently weighed in on CCL. Zacks Investment Research upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Wednesday, July 12th. William Blair restated an “outperform” rating on shares of Carnival Corporation in a research report on Friday, June 9th. UBS AG restated a “buy” rating and set a $76.00 price target (up previously from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and set a $74.00 price target (up previously from $68.00) on shares of Carnival Corporation in a research report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $57.00 price target (up previously from $55.00) on shares of Carnival Corporation in a research report on Tuesday, June 20th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $63.27.
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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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