Signaturefd LLC lifted its position in shares of Carnival Corp (NYSE:CCL) by 34.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,683 shares of the company’s stock after purchasing an additional 937 shares during the quarter. Signaturefd LLC’s holdings in Carnival were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CNB Bank boosted its holdings in Carnival by 448.6% in the first quarter. CNB Bank now owns 1,942 shares of the company’s stock worth $127,000 after acquiring an additional 1,588 shares in the last quarter. Private Capital Group LLC boosted its holdings in Carnival by 2,911.6% in the first quarter. Private Capital Group LLC now owns 2,078 shares of the company’s stock worth $136,000 after acquiring an additional 2,009 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Carnival in the second quarter worth $124,000. Jump Trading LLC bought a new stake in Carnival in the first quarter worth $218,000. Finally, Hilltop Holdings Inc. bought a new stake in Carnival in the first quarter worth $226,000. Institutional investors own 75.71% of the company’s stock.

CCL stock opened at $63.95 on Friday. Carnival Corp has a 1-year low of $56.45 and a 1-year high of $72.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.24 and a quick ratio of 0.20. The firm has a market capitalization of $33.18 billion, a PE 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 quarterly earnings results on Monday, June 25th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.09. Carnival had a return on equity of 12.31% and a net margin of 15.40%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. research analysts anticipate that Carnival Corp will post 4.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 24th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, August 23rd. Carnival’s dividend payout ratio is currently 52.36%.

Several equities research analysts have commented on the company. ValuEngine raised Carnival from a “sell” rating to a “hold” rating in a report on Friday. Deutsche Bank dropped their target price on Carnival from $71.00 to $68.00 and set a “hold” rating on the stock in a report on Tuesday, June 26th. Zacks Investment Research raised 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. Stifel Nicolaus dropped their target price on Carnival from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Tuesday, June 26th. Finally, SunTrust Banks dropped their target price on Carnival to $79.00 and set a “buy” rating on the stock in a report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average price target 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.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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