Carnival Corporation (CCL) Shares Sold by Achmea Investment Management B.V.
Achmea Investment Management B.V. lowered its stake in Carnival Corporation (NYSE:CCL) by 47.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 66,036 shares of the company’s stock after selling 60,564 shares during the quarter. Achmea Investment Management B.V.’s holdings in Carnival Corporation were worth $4,328,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in CCL. Almanack Investment Partners LLC. acquired a new stake in Carnival Corporation in the 2nd quarter valued at $117,000. Point72 Asia Hong Kong Ltd acquired a new stake in Carnival Corporation in the 1st quarter valued at $138,000. Harbour Capital Advisors LLC acquired a new stake in Carnival Corporation in the 1st quarter valued at $147,000. Parallel Advisors LLC grew its stake in Carnival Corporation by 87.9% in 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. grew its stake in Carnival Corporation by 109.4% in 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. 77.34% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Alan Buckelew sold 15,000 shares of the 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 sale, the insider now owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 90,903 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,903 shares of company stock worth $8,145,871. Corporate insiders own 23.80% of the company’s stock.
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A number of equities research analysts recently issued reports on CCL shares. Zacks Investment Research cut shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Credit Suisse Group cut shares of Carnival Corporation from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $78.00 to $70.00 in a research note on Friday, September 15th. KeyCorp cut shares of Carnival Corporation to an “overweight” rating in a research note on Thursday, July 6th. Instinet reissued a “buy” rating and issued a $75.00 price target on shares of Carnival Corporation in a research note on Monday, October 2nd. Finally, Susquehanna Bancshares Inc lifted their price target on shares of Carnival Corporation from $75.00 to $76.00 and gave the company a “positive” rating in a research note on Monday, September 25th. Nine analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $65.60.
Carnival Corporation (NYSE:CCL) traded down 2.18% on Thursday, hitting $65.99. The stock had a trading volume of 1,498,984 shares. The stock’s 50 day moving average is $66.31 and its 200 day moving average is $64.76. The stock has a market cap of $47.58 billion, a price-to-earnings ratio of 17.95 and a beta of 0.71. Carnival Corporation has a one year low of $46.11 and a one year high of $69.89.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 earnings per share. Analysts anticipate that Carnival Corporation will post $3.69 earnings per share for the current 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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