Canada Pension Plan Investment Board raised its position in Carnival Corporation (NYSE:CCL) by 80.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 221,200 shares of the company’s stock after buying an additional 98,400 shares during the period. Canada Pension Plan Investment Board’s holdings in Carnival Corporation were worth $14,504,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. acquired a new stake in Carnival Corporation during the first quarter worth approximately $106,000. Point72 Asia Hong Kong Ltd acquired a new stake in Carnival Corporation during the first quarter worth approximately $138,000. Harbour Capital Advisors LLC acquired a new stake in Carnival Corporation during the first quarter worth approximately $147,000. Parallel Advisors LLC boosted its stake in Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock worth $167,000 after buying an additional 1,251 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares during the last quarter. Institutional investors own 78.54% of the company’s stock.
Shares of Carnival Corporation (NYSE CCL) opened at 68.71 on Wednesday. The company has a market capitalization of $49.75 billion, a PE ratio of 18.17 and a beta of 0.75. Carnival Corporation has a 12 month low of $44.11 and a 12 month high of $69.24. The stock’s 50 day moving average price is $66.74 and its 200 day moving average price is $61.55.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts forecast that Carnival Corporation will post $3.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio (DPR) is currently 42.55%.
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A number of research firms have recently commented on CCL. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday. Zacks Investment Research upgraded Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Wednesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and set a $62.00 target price (up from $58.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Wedbush reiterated a “neutral” rating and set a $66.00 target price (up from $61.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $74.00 target price (up from $68.00) on shares of Carnival Corporation in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $62.06.
In other news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 can be accessed through this link. 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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