Long Pond Capital LP acquired a new stake in shares of Carnival Corp (NYSE:CCL) during the second quarter, according to its most recent filing with the SEC. The fund acquired 555,000 shares of the company’s stock, valued at approximately $25,835,000. Long Pond Capital LP owned 0.11% of Carnival as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Carnival by 8.2% during the first quarter. BlackRock Inc. now owns 30,754,347 shares of the company’s stock worth $1,559,860,000 after buying an additional 2,336,518 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Carnival by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 4,710,995 shares of the company’s stock valued at $231,797,000 after acquiring an additional 292,550 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Carnival by 8.6% in the 1st quarter. American Century Companies Inc. now owns 4,025,913 shares of the company’s stock valued at $204,194,000 after acquiring an additional 318,308 shares during the last quarter. APG Asset Management N.V. raised its position in Carnival by 34.4% during the 2nd quarter. APG Asset Management N.V. now owns 2,960,094 shares of the company’s stock valued at $120,998,000 after purchasing an additional 757,188 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Carnival by 131.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,100,912 shares of the company’s stock valued at $96,473,000 after purchasing an additional 1,191,671 shares during the last quarter. Institutional investors own 76.46% of the company’s stock.

Shares of NYSE:CCL opened at $50.70 on Friday. Carnival Corp has a 52-week low of $42.42 and a 52-week high of $67.69. The firm has a market capitalization of $26.72 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.18 and a beta of 1.09. The stock has a 50 day moving average price of $45.52 and a 200-day moving average price of $50.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.22 and a current ratio of 0.27.

Carnival (NYSE:CCL) last announced its earnings results on Thursday, June 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. Carnival had a return on equity of 12.15% and a net margin of 15.09%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts forecast that Carnival Corp will post 4.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, August 22nd. Carnival’s dividend payout ratio is currently 46.95%.

A number of research firms have commented on CCL. Barclays lowered Carnival from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $69.00 to $55.00 in a research report on Friday, June 21st. Deutsche Bank lowered their price target on Carnival from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, July 19th. ValuEngine raised Carnival from a “strong sell” rating to a “sell” rating in a research report on Monday, August 12th. SunTrust Banks lowered their price target on Carnival to $65.00 and set a “buy” rating for the company in a research report on Friday, June 21st. Finally, Nomura lowered Carnival from a “buy” rating to a “neutral” rating and lowered their price target for the company from $60.00 to $52.00 in a research report on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $61.26.

In other news, CEO Arnold W. Donald bought 22,050 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average price of $45.23 per share, with a total value of $997,321.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Randall J. Weisenburger bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was purchased at an average cost of $46.50 per share, with a total value of $930,000.00. The disclosure for this purchase can be found here. 24.10% of the stock is currently owned by corporate insiders.

Carnival Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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