California Public Employees Retirement System raised its holdings in Carnival Corp (NYSE:CCL) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,187,467 shares of the company’s stock after purchasing an additional 147,589 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Carnival worth $68,054,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CNB Bank boosted its holdings in Carnival by 448.6% during the first quarter. CNB Bank now owns 1,942 shares of the company’s stock worth $127,000 after buying an additional 1,588 shares in the last quarter. Private Capital Group LLC boosted its holdings in Carnival by 2,911.6% during the first quarter. Private Capital Group LLC now owns 2,078 shares of the company’s stock worth $136,000 after buying an additional 2,009 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Carnival during the second quarter worth about $124,000. Jump Trading LLC purchased a new stake in Carnival during the first quarter worth about $218,000. Finally, Hilltop Holdings Inc. purchased a new stake in Carnival during the first quarter worth about $226,000. Institutional investors own 75.64% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Carnival from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Goldman Sachs Group set a $70.00 price objective on shares of Carnival and gave the company a “hold” rating in a research report on Monday, September 24th. Bank of America set a $78.00 price objective on shares of Carnival and gave the company a “buy” rating in a research report on Wednesday, September 26th. Stifel Nicolaus boosted their price objective on shares of Carnival from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. Finally, Macquarie set a $55.00 price objective on shares of Carnival and gave the company a “sell” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Carnival currently has a consensus rating of “Buy” and an average price target of $72.86.
Carnival (NYSE:CCL) last released its quarterly earnings data on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.04. Carnival had a net margin of 17.15% and a return on equity of 12.30%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts expect that Carnival Corp will post 4.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 24th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, August 23rd. Carnival’s payout ratio is currently 52.36%.
In other news, General Counsel Arnaldo Perez sold 7,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $64.26, for a total value of $449,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 23.80% of the stock is currently owned by corporate insiders.
Carnival Company Profile
Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.
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