Carnival Corporation (CCL) Shares Sold by Bank of Nova Scotia
Bank of Nova Scotia decreased its position in Carnival Corporation (NYSE:CCL) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,815 shares of the company’s stock after selling 1,254 shares during the period. Bank of Nova Scotia’s holdings in Carnival Corporation were worth $6,217,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Almanack Investment Partners LLC. bought a new stake in Carnival Corporation during the 2nd quarter valued at $117,000. Point72 Asia Hong Kong Ltd bought a new stake in Carnival Corporation during the 1st quarter valued at $138,000. Harbour Capital Advisors LLC bought a new stake in Carnival Corporation during the 1st quarter valued at $147,000. Parallel Advisors LLC raised its holdings in Carnival Corporation by 87.9% during the 1st quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock valued at $167,000 after acquiring an additional 1,251 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Carnival Corporation by 109.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after acquiring an additional 1,368 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.
A number of brokerages have issued reports on CCL. Zacks Investment Research cut shares of Carnival Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Carnival Corporation in a report on Tuesday, August 15th. Deutsche Bank AG reissued a “hold” rating and set a $62.00 target price (up previously from $58.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Susquehanna Bancshares Inc boosted their target price on shares of Carnival Corporation from $75.00 to $76.00 and gave the company a “positive” rating in a report on Monday, September 25th. Finally, Wedbush reissued a “neutral” rating and set a $66.00 target price (up previously from $61.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Nine equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Carnival Corporation presently has an average rating of “Buy” and an average target price of $65.60.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.80% of the company’s stock.
Carnival Corporation (CCL) opened at 67.94 on Monday. The company has a market cap of $48.98 billion, a PE ratio of 18.48 and a beta of 0.71. Carnival Corporation has a 1-year low of $45.92 and a 1-year high of $69.89. The company has a 50-day moving average price of $66.29 and a 200-day moving average price of $64.61.
Carnival Corporation (NYSE:CCL) last posted its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. The firm had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.92 EPS. On average, analysts expect that Carnival Corporation will post $3.68 EPS for the current fiscal year.
Carnival Corporation 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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