A. D. Beadell Investment Counsel Inc. Has $2.277 Million Position in Carnival Corp (CCL)

A. D. Beadell Investment Counsel Inc. reduced its position in Carnival Corp (NYSE:CCL) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,655 shares of the company’s stock after selling 500 shares during the period. Carnival Corp accounts for 1.9% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its 14th largest position. A. D. Beadell Investment Counsel Inc.’s holdings in Carnival Corp were worth $2,277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of CCL. Rowland & Co. Investment Counsel ADV raised its position in Carnival Corp by 0.4% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,315 shares of the company’s stock worth $113,000 after buying an additional 9 shares during the last quarter. Independent Advisor Alliance bought a new position in Carnival Corp during the fourth quarter worth $128,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Carnival Corp during the fourth quarter worth $131,000. NCM Capital Management Group Inc. raised its position in Carnival Corp by 9.9% in the third quarter. NCM Capital Management Group Inc. now owns 2,775 shares of the company’s stock worth $135,000 after buying an additional 250 shares during the last quarter. Finally, SRB Corp raised its position in Carnival Corp by 17.7% in the third quarter. SRB Corp now owns 3,325 shares of the company’s stock worth $162,000 after buying an additional 500 shares during the last quarter. Institutional investors own 79.45% of the company’s stock.

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

Carnival Corp (NYSE:CCL) opened at 61.50 on Friday. The company has a 50-day moving average price of $60.30 and a 200-day moving average price of $55.62. Carnival Corp has a 12-month low of $42.94 and a 12-month high of $63.41. The firm has a market capitalization of $44.65 billion, a PE ratio of 15.16 and a beta of 0.73.

Carnival Corp (NYSE:CCL) last announced its earnings results on Tuesday, March 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. On average, analysts predict that Carnival Corp will post $3.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 26th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.60%. This is a boost from Carnival Corp’s previous quarterly dividend of $0.35. Carnival Corp’s dividend payout ratio (DPR) is 37.43%.

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Several equities analysts recently weighed in on the company. Wedbush lifted their price target on Carnival Corp from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, March 29th. Instinet lifted their price target on Carnival Corp from $61.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, March 29th. Deutsche Bank AG lifted their price target on Carnival Corp from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, March 29th. Stifel Nicolaus lifted their price target on Carnival Corp from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, March 29th. Finally, Barclays PLC lifted their price target on Carnival Corp from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. Carnival Corp has an average rating of “Buy” and a consensus target price of $57.28.

In related news, Director Richard Glasier sold 6,000 shares of the stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $58.29, for a total transaction of $349,740.00. Following the completion of the sale, the director now owns 26,684 shares in the company, valued at approximately $1,555,410.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sir John Parker sold 19,965 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $60.98, for a total transaction of $1,217,465.70. Following the sale, the director now directly owns 22,798 shares in the company, valued at approximately $1,390,222.04. The disclosure for this sale can be found here. Company insiders own 22.00% of the company’s stock.

About Carnival Corp

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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