Carnival Corporation (CCL) Shares Sold by TLP Group LLC
TLP Group LLC decreased its stake in shares of Carnival Corporation (NYSE:CCL) by 70.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,758 shares of the company’s stock after selling 13,792 shares during the period. Carnival Corporation comprises about 0.4% of TLP Group LLC’s investment portfolio, making the stock its 24th biggest holding. TLP Group LLC’s holdings in Carnival Corporation were worth $378,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Carnival Corporation by 3.3% during the second quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock worth $1,896,255,000 after purchasing an additional 934,311 shares during the last quarter. BlackRock Inc. lifted its position in shares of Carnival Corporation by 2.0% during the second quarter. BlackRock Inc. now owns 28,469,248 shares of the company’s stock worth $1,866,728,000 after purchasing an additional 550,116 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Carnival Corporation by 6.5% during the first quarter. Bank of America Corp DE now owns 24,838,450 shares of the company’s stock worth $1,463,234,000 after purchasing an additional 1,519,630 shares during the last quarter. State Street Corp lifted its position in shares of Carnival Corporation by 1.6% during the first quarter. State Street Corp now owns 17,999,377 shares of the company’s stock worth $1,060,346,000 after purchasing an additional 284,607 shares during the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of Carnival Corporation by 6.5% during the second quarter. Investec Asset Management LTD now owns 4,961,591 shares of the company’s stock worth $325,332,000 after purchasing an additional 303,161 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.
CCL has been the topic of several research analyst reports. Instinet increased their price target 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. UBS AG reaffirmed 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. Bank of America Corporation reaffirmed a “buy” rating and set a $73.20 price target on shares of Carnival Corporation in a research report on Monday, July 24th. BidaskClub cut shares of Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research cut shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Eight equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Carnival Corporation currently has a consensus rating of “Buy” and an average price target of $62.87.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction dated 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 directly owns 150,860 shares in the company, valued at $10,110,637.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 23.80% of the stock is owned by insiders.
Shares of Carnival Corporation (CCL) traded down 0.19% during midday trading on Friday, hitting $64.33. 3,513,512 shares of the company’s stock traded hands. Carnival Corporation has a 1-year low of $45.46 and a 1-year high of $69.89. The firm has a market capitalization of $46.57 billion, a price-to-earnings ratio of 17.01 and a beta of 0.74. The company has a 50 day moving average price of $67.69 and a 200 day moving average price of $63.59.
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 Zacks’ consensus estimate of $0.47 by $0.05. The firm 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%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Equities analysts anticipate that Carnival Corporation will post $3.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.49%. Carnival Corporation’s dividend payout ratio (DPR) is presently 42.55%.
About Carnival Corporation
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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