A. D. Beadell Investment Counsel Inc. Sells 500 Shares of Carnival Corp (CCL)

A. D. Beadell Investment Counsel Inc. lowered its stake in shares of Carnival Corp (NYSE:CCL) by 1.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund 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 portfolio, making the stock its 14th largest position. A. D. Beadell Investment Counsel Inc.’s holdings in Carnival Corp were worth $2,277,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cooke & Bieler LP boosted its stake in Carnival Corp by 2.6% in the third quarter. Cooke & Bieler LP now owns 1,388,331 shares of the company’s stock valued at $67,778,000 after buying an additional 35,470 shares during the period. BB&T Securities LLC boosted its stake in Carnival Corp by 181.4% in the third quarter. BB&T Securities LLC now owns 55,852 shares of the company’s stock valued at $2,726,000 after buying an additional 36,002 shares during the period. Cadence Capital Management LLC boosted its stake in Carnival Corp by 12.0% in the fourth quarter. Cadence Capital Management LLC now owns 65,246 shares of the company’s stock valued at $3,397,000 after buying an additional 7,008 shares during the period. Nordea Investment Management AB boosted its stake in Carnival Corp by 48.7% in the third quarter. Nordea Investment Management AB now owns 1,523,567 shares of the company’s stock valued at $74,381,000 after buying an additional 498,792 shares during the period. Finally, Advisors Capital Management LLC boosted its stake in Carnival Corp by 0.3% in the third quarter. Advisors Capital Management LLC now owns 192,958 shares of the company’s stock valued at $9,420,000 after buying an additional 632 shares during the period. 79.45% of the stock is currently owned by institutional investors.

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

Carnival Corp (NYSE:CCL) traded down 0.42% during trading on Friday, reaching $58.96. The company’s stock had a trading volume of 2,193,128 shares. The firm has a market capitalization of $42.80 billion, a P/E ratio of 14.53 and a beta of 0.73. Carnival Corp has a one year low of $42.94 and a one year high of $60.24. The stock has a 50-day moving average of $57.87 and a 200 day moving average of $53.48.

Carnival Corp (NYSE:CCL) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The company earned $3.79 billion during the quarter, compared to analyst estimates of $3.78 billion. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts predict that Carnival Corp will post $3.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 26th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.71%. This is a positive change from Carnival Corp’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, May 24th. Carnival Corp’s dividend payout ratio is presently 37.43%.

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Several equities research analysts recently commented on CCL shares. Wells Fargo & Co reaffirmed an “overweight” rating on shares of Carnival Corp in a research report on Friday, December 23rd. Zacks Investment Research cut Carnival Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. Argus raised Carnival Corp from a “hold” rating to a “buy” rating and increased their price objective for the company from $56.03 to $64.00 in a research report on Monday, February 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $50.00 price objective (up from $48.00) on shares of Carnival Corp in a research report on Friday, December 23rd. Finally, Wedbush reaffirmed a “neutral” rating and set a $54.00 price objective on shares of Carnival Corp in a research report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. Carnival Corp presently has an average rating of “Buy” and a consensus target price of $57.17.

In other news, CFO David Bernstein sold 23,030 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $55.88, for a total transaction of $1,286,916.40. Following the completion of the transaction, the chief financial officer now directly owns 127,297 shares in the company, valued at $7,113,356.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Arnold W. Donald sold 32,049 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $55.88, for a total value of $1,790,898.12. Following the transaction, the chief executive officer now owns 599,913 shares of the company’s stock, valued at $33,523,138.44. The disclosure for this sale can be found here. Insiders sold 105,241 shares of company stock valued at $5,895,327 over the last quarter. 22.00% of the stock is currently owned by company insiders.

Carnival Corp 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.

5 Day Chart for NYSE:CCL

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