Investment House LLC continued to hold its stake in shares of Carnival Corporation (NYSE:CCL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,380 shares of the company’s stock at the end of the second quarter. Carnival Corporation comprises approximately 1.2% of Investment House LLC’s holdings, making the stock its 24th largest position. Investment House LLC’s holdings in Carnival Corporation were worth $8,746,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Cleararc Capital Inc. raised its position in shares of Carnival Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 10,237 shares of the company’s stock valued at $603,000 after buying an additional 63 shares during the period. Blair William & Co. IL raised its position in shares of Carnival Corporation by 1.7% in the first quarter. Blair William & Co. IL now owns 4,214 shares of the company’s stock valued at $241,000 after buying an additional 72 shares during the period. Private Wealth Partners LLC raised its position in shares of Carnival Corporation by 0.6% in the first quarter. Private Wealth Partners LLC now owns 15,650 shares of the company’s stock valued at $922,000 after buying an additional 100 shares during the period. Norinchukin Bank The raised its position in shares of Carnival Corporation by 0.3% in the first quarter. Norinchukin Bank The now owns 57,951 shares of the company’s stock valued at $3,414,000 after buying an additional 147 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Carnival Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 53,337 shares of the company’s stock valued at $3,140,000 after buying an additional 189 shares during the period. 78.54% of the stock is owned by institutional investors and hedge funds.
Carnival Corporation (CCL) traded down 0.07% during mid-day trading on Friday, hitting $67.46. 2,797,224 shares of the company traded hands. The company has a market capitalization of $48.84 billion, a price-to-earnings ratio of 17.84 and a beta of 0.75. Carnival Corporation has a one year low of $44.11 and a one year high of $69.24. The company’s 50-day moving average price is $66.96 and its 200 day moving average price is $61.73.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. Carnival Corporation’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. On average, analysts anticipate that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, August 23rd. Carnival Corporation’s payout ratio is 42.55%.
Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday. Stifel Nicolaus restated a “buy” rating and issued a $68.00 target price on shares of Carnival Corporation in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday. Finally, UBS AG restated a “buy” rating and issued a $76.00 target price (up from $67.00) on shares of Carnival Corporation in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $62.49.
In other news, insider Alan Buckelew sold 15,000 shares of Carnival Corporation stock in a transaction dated 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 directly owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.80% of the company’s stock.
Carnival Corporation Company 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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