Carnival Corporation (CCL) Position Increased by Financial Counselors Inc.

Financial Counselors Inc. boosted its stake in Carnival Corporation (NYSE:CCL) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,853 shares of the company’s stock after acquiring an additional 3,276 shares during the period. Financial Counselors Inc.’s holdings in Carnival Corporation were worth $4,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BB&T Corp increased its stake in Carnival Corporation by 918.9% during the first quarter. BB&T Corp now owns 3,566 shares of the company’s stock valued at $210,000 after purchasing an additional 3,216 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in Carnival Corporation by 1.7% during the first quarter. Pictet Asset Management Ltd. now owns 864,165 shares of the company’s stock valued at $50,908,000 after purchasing an additional 14,329 shares during the last quarter. MUFG Americas Holdings Corp increased its stake in Carnival Corporation by 1.9% during the first quarter. MUFG Americas Holdings Corp now owns 63,423 shares of the company’s stock valued at $3,736,000 after purchasing an additional 1,168 shares during the last quarter. LS Investment Advisors LLC increased its stake in Carnival Corporation by 8.0% during the first quarter. LS Investment Advisors LLC now owns 19,564 shares of the company’s stock valued at $1,153,000 after purchasing an additional 1,456 shares during the last quarter. Finally, Swiss National Bank increased its stake in Carnival Corporation by 22.1% during the first quarter. Swiss National Bank now owns 1,238,300 shares of the company’s stock valued at $72,948,000 after purchasing an additional 224,000 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms have weighed in on CCL. Zacks Investment Research lowered shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus restated a “buy” rating and set a $68.00 price target on shares of Carnival Corporation in a research report on Friday, June 16th. UBS AG restated a “buy” rating and set a $76.00 price target (up previously from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Carnival Corporation in a research report on Tuesday, August 15th. Finally, BidaskClub lowered shares of Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Eight research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Carnival Corporation currently has a consensus rating of “Buy” and an average price target of $63.32.

Shares of Carnival Corporation (NYSE:CCL) traded up 2.76% during midday trading on Monday, reaching $67.38. 1,559,248 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $67.63 and a 200-day moving average of $62.93. Carnival Corporation has a 1-year low of $44.11 and a 1-year high of $69.89. The company has a market capitalization of $48.78 billion, a PE ratio of 17.82 and a beta of 0.74.

Carnival Corporation (NYSE:CCL) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The firm 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 company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Equities analysts expect that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.44%. Carnival Corporation’s payout ratio is currently 42.55%.

In other news, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $67.52, for a total transaction of $1,012,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.80% of the stock is currently owned by 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.

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

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