Envestnet Asset Management Inc. raised its position in shares of Carnival Corp (NYSE:CCL) by 73.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,326 shares of the company’s stock after acquiring an additional 22,541 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Carnival were worth $3,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CNB Bank boosted its position in shares of Carnival by 448.6% during the 1st quarter. CNB Bank now owns 1,942 shares of the company’s stock worth $127,000 after purchasing an additional 1,588 shares in the last quarter. Private Capital Group LLC boosted its position in shares of Carnival by 2,911.6% during the 1st quarter. Private Capital Group LLC now owns 2,078 shares of the company’s stock worth $136,000 after purchasing an additional 2,009 shares in the last quarter. Signaturefd LLC bought a new position in shares of Carnival during the 1st quarter worth about $180,000. Chase Investment Counsel Corp bought a new position in shares of Carnival during the 2nd quarter worth about $214,000. Finally, Jump Trading LLC bought a new position in shares of Carnival during the 1st quarter worth about $218,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

CCL opened at $62.70 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.20 and a debt-to-equity ratio of 0.34. Carnival Corp has a fifty-two week low of $56.45 and a fifty-two week high of $72.70. The stock has a market capitalization of $33.18 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 0.98 and a beta of 0.87.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 24th will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $2.00 annualized dividend and a yield of 3.19%. Carnival’s dividend payout ratio (DPR) is 52.36%.

A number of equities analysts have recently issued reports on CCL shares. Berenberg Bank raised shares of Carnival from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Buckingham Research lowered their target price 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. Zacks Investment Research upgraded shares of Carnival from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, May 22nd. Tigress Financial restated a “buy” rating on shares of Carnival in a report on Friday, June 8th. Finally, Stifel Nicolaus lowered their target price on shares of Carnival from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Tuesday, June 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $74.00.

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.

See Also: Closed-End Mutual Funds

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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