Boston Private Wealth LLC boosted its position in shares of Carnival Corporation (NYSE:CCL) by 10.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 62,638 shares of the company’s stock after buying an additional 6,111 shares during the period. Boston Private Wealth LLC’s holdings in Carnival Corporation were worth $4,107,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CCL. State Board of Administration of Florida Retirement System boosted its stake in shares of Carnival Corporation by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 618,435 shares of the company’s stock worth $40,551,000 after buying an additional 2,500 shares during the period. BB&T Securities LLC boosted its stake in shares of Carnival Corporation by 41.3% in the second quarter. BB&T Securities LLC now owns 11,300 shares of the company’s stock worth $741,000 after buying an additional 3,300 shares during the period. Blair William & Co. IL boosted its stake in shares of Carnival Corporation by 32.8% in the second quarter. Blair William & Co. IL now owns 5,598 shares of the company’s stock worth $367,000 after buying an additional 1,384 shares during the period. Cornerstone Capital Inc. boosted its stake in shares of Carnival Corporation by 2.3% in the second quarter. Cornerstone Capital Inc. now owns 212,385 shares of the company’s stock worth $13,926,000 after buying an additional 4,785 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of Carnival Corporation by 1.7% in the second quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after buying an additional 75 shares during the period. 78.54% of the stock is owned by hedge funds and other institutional investors.
Carnival Corporation (CCL) opened at 67.73 on Monday. Carnival Corporation has a 12 month low of $44.11 and a 12 month high of $69.24. The stock has a market capitalization of $49.04 billion, a PE ratio of 17.91 and a beta of 0.75. The stock has a 50 day moving average price of $66.96 and a 200 day moving average price of $61.73.
Carnival Corporation (NYSE:CCL) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, equities research analysts forecast that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s payout ratio is currently 42.55%.
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A number of brokerages have commented on CCL. BidaskClub raised Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday. UBS AG reissued a “buy” rating and issued a $76.00 price objective (up previously from $67.00) on shares of Carnival Corporation in a research note on Thursday. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday, August 15th. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, August 1st. Finally, Bank of America Corporation reissued a “buy” rating and issued a $73.20 price objective on shares of Carnival Corporation in a research note on Monday, July 24th. 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 given a strong buy rating to the stock. Carnival Corporation has an average rating of “Buy” and a consensus price target of $62.49.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $67.02, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.80% of the stock is owned by company insiders.
About Carnival Corporation
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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