Carnival Corporation (CCL) Position Increased by CIBC World Markets Inc.

CIBC World Markets Inc. increased its holdings in shares of Carnival Corporation (NYSE:CCL) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,059 shares of the company’s stock after purchasing an additional 3,240 shares during the quarter. CIBC World Markets Inc.’s holdings in Carnival Corporation were worth $3,610,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Point72 Asia Hong Kong Ltd acquired a new position in Carnival Corporation in the 1st quarter valued at about $138,000. Harbour Capital Advisors LLC acquired a new position in Carnival Corporation in the 1st quarter valued at about $147,000. Parallel Advisors LLC grew its position in Carnival Corporation by 87.9% in the 1st quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock valued at $167,000 after acquiring an additional 1,251 shares in the last quarter. Bessemer Group Inc. grew its position in Carnival Corporation by 109.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. acquired a new position in Carnival Corporation in the 2nd quarter valued at about $207,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have weighed in on the company. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Wednesday, July 12th. William Blair reaffirmed an “outperform” rating on shares of Carnival Corporation in a research report on Friday, June 9th. UBS AG reiterated 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, August 17th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $57.00 price objective (up previously from $55.00) on shares of Carnival Corporation in a research note on Tuesday, June 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $74.00 price objective (up previously from $68.00) on shares of Carnival Corporation in a research note on Friday, June 23rd. Eight research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $63.32.

In related news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $67.02, for a total value of $1,005,300.00. Following the sale, the insider now owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 23.80% of the company’s stock.

Carnival Corporation (NYSE:CCL) opened at 65.57 on Friday. Carnival Corporation has a 12-month low of $44.11 and a 12-month high of $69.89. The stock has a 50 day moving average price of $67.63 and a 200-day moving average price of $62.93. The firm has a market cap of $47.47 billion, a price-to-earnings ratio of 17.34 and a beta of 0.74.

Carnival Corporation (NYSE:CCL) last announced its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Equities analysts forecast that Carnival Corporation will post $3.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio (DPR) is 42.55%.

Carnival Corporation 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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Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

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