Commonwealth Bank of Australia raised its stake in Carnival Corp (NYSE:CCL) by 16.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,122 shares of the company’s stock after buying an additional 8,540 shares during the period. Commonwealth Bank of Australia’s holdings in Carnival were worth $3,496,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Carnival by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 3,921,357 shares of the company’s stock valued at $224,733,000 after buying an additional 55,116 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Carnival in the second quarter valued at approximately $463,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Carnival by 26.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,543,337 shares of the company’s stock worth $88,449,000 after purchasing an additional 319,161 shares during the period. Tributary Capital Management LLC acquired a new position in shares of Carnival during the second quarter worth $1,744,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Carnival by 6.4% during the second quarter. Rockefeller Capital Management L.P. now owns 804,161 shares of the company’s stock worth $46,086,000 after purchasing an additional 48,690 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

CCL has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Carnival from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Tuesday, May 22nd. Buckingham Research cut their price target on shares of Carnival from $84.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, May 25th. ValuEngine lowered shares of Carnival from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Tigress Financial reiterated a “buy” rating on shares of Carnival in a report on Friday, June 8th. Finally, Stifel Nicolaus lifted their price target on shares of Carnival from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.44.

Shares of NYSE CCL opened at $62.06 on Friday. Carnival Corp has a twelve month low of $56.45 and a twelve month high of $72.70. The firm has a market cap of $32.76 billion, a P/E ratio of 14.98, a PEG ratio of 0.97 and a beta of 0.87. The company has a quick ratio of 0.20, a current ratio of 0.24 and a debt-to-equity ratio of 0.34.

Carnival (NYSE:CCL) last announced its earnings results on Monday, June 25th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. Carnival had a net margin of 15.40% and a return on equity of 12.31%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the firm earned $0.52 earnings per share. Carnival’s quarterly revenue was up 10.4% on a year-over-year basis. research analysts predict that Carnival Corp will post 4.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, August 23rd. Carnival’s dividend payout ratio is presently 52.36%.

Carnival Company Profile

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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