State of Alaska Department of Revenue increased its stake in Carnival Corporation (NYSE:CCL) by 57.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,404 shares of the company’s stock after buying an additional 2,714 shares during the period. State of Alaska Department of Revenue’s holdings in Carnival Corporation were worth $485,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Carnival Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 27,985,243 shares of the company’s stock valued at $1,648,612,000 after buying an additional 1,150,341 shares during the period. BlackRock Inc. raised its position in Carnival Corporation by 2,672.9% in the first quarter. BlackRock Inc. now owns 27,919,132 shares of the company’s stock valued at $1,644,716,000 after buying an additional 26,912,293 shares during the period. Bank of America Corp DE raised its position in Carnival Corporation by 6.5% in the first quarter. Bank of America Corp DE now owns 24,838,450 shares of the company’s stock valued at $1,463,234,000 after buying an additional 1,519,630 shares during the period. State Street Corp raised its position in Carnival Corporation by 1.6% in the first quarter. State Street Corp now owns 17,999,377 shares of the company’s stock valued at $1,060,346,000 after buying an additional 284,607 shares during the period. Finally, American Century Companies Inc. raised its position in Carnival Corporation by 11.9% in the first quarter. American Century Companies Inc. now owns 4,215,757 shares of the company’s stock valued at $248,350,000 after buying an additional 447,857 shares during the period. 78.54% of the stock is currently owned by hedge funds and other institutional investors.
Carnival Corporation (NYSE CCL) traded down 0.07% during mid-day trading on Friday, hitting $67.46. The stock had a trading volume of 2,797,224 shares. Carnival Corporation has a 12 month low of $44.11 and a 12 month high of $69.24. The company has a market cap of $48.84 billion, a price-to-earnings ratio of 17.84 and a beta of 0.75. The firm’s 50-day moving average is $66.89 and its 200 day moving average is $61.64.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $3.95 billion during 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%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Equities analysts anticipate that Carnival Corporation will post $3.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is 42.55%.
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A number of research analysts recently weighed in on CCL shares. Stifel Nicolaus reissued a “buy” rating and set a $68.00 target price on shares of Carnival Corporation in a report on Friday, June 16th. Credit Suisse Group reissued an “outperform” rating and set a $74.00 target price (up from $69.00) on shares of Carnival Corporation in a report on Saturday, June 3rd. KeyCorp lowered Carnival Corporation to an “overweight” rating in a report on Thursday, July 6th. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday, August 1st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $62.00 target price (up from $58.00) on shares of Carnival Corporation in a report on Sunday, June 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $62.49.
In related news, insider Alan Buckelew sold 15,000 shares of Carnival Corporation stock in a transaction on 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 completion of the sale, the insider now owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.80% of the stock is currently owned by company insiders.
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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