Ajo LP Raises Position in Carnival Corporation (CCL)
Ajo LP boosted its position in shares of Carnival Corporation (NYSE:CCL) by 213.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 402,292 shares of the company’s stock after acquiring an additional 273,861 shares during the period. Ajo LP owned approximately 0.06% of Carnival Corporation worth $26,378,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Teachers Advisors LLC grew its stake in shares of Carnival Corporation by 4.0% in the 1st quarter. Teachers Advisors LLC now owns 1,313,131 shares of the company’s stock valued at $77,357,000 after purchasing an additional 50,283 shares during the period. Covenant Multifamily Offices LLC grew its stake in shares of Carnival Corporation by 2.4% in the 2nd quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock valued at $2,618,000 after purchasing an additional 929 shares during the period. Peak Capital Management LLC bought a new stake in shares of Carnival Corporation in the 2nd quarter valued at approximately $495,000. SG Americas Securities LLC grew its stake in shares of Carnival Corporation by 899.3% in the 1st quarter. SG Americas Securities LLC now owns 161,580 shares of the company’s stock valued at $9,519,000 after purchasing an additional 145,410 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Carnival Corporation by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock valued at $43,908,000 after purchasing an additional 27,330 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Shares of Carnival Corporation (NYSE CCL) opened at 68.42 on Thursday. Carnival Corporation has a 1-year low of $45.29 and a 1-year high of $69.89. The firm’s 50-day moving average is $67.68 and its 200-day moving average is $63.21. The company has a market capitalization of $49.54 billion, a price-to-earnings ratio of 18.10 and a beta of 0.74.
Carnival Corporation (NYSE:CCL) last released its quarterly 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 business had revenue of $3.95 billion during 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%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Analysts forecast that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, August 23rd. Carnival Corporation’s payout ratio is 42.55%.
Several equities research analysts have recently weighed in on CCL shares. 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 reissued an “outperform” rating and issued a $74.00 target price (up from $69.00) on shares of Carnival Corporation in a report on Saturday, June 3rd. William Blair reissued an “outperform” rating on shares of Carnival Corporation in a report on Friday, June 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Carnival Corporation in a report on Friday, June 16th. Seven equities research 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 company. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.27.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $67.02, for a total transaction 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 $10,110,637.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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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