Commerzbank Aktiengesellschaft FI Has $969,000 Stake in Carnival Corporation (NYSE:CCL)

Commerzbank Aktiengesellschaft FI decreased its holdings in Carnival Corporation (NYSE:CCL) by 56.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,778 shares of the company’s stock after selling 19,111 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Carnival Corporation were worth $969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Cleararc Capital Inc. grew its stake in shares of Carnival Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 10,237 shares of the company’s stock worth $603,000 after acquiring an additional 63 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Carnival Corporation by 1.7% in the first quarter. Blair William & Co. IL now owns 4,214 shares of the company’s stock worth $241,000 after acquiring an additional 72 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Carnival Corporation by 1.7% in the second quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after acquiring an additional 75 shares in the last quarter. Norinchukin Bank The grew its stake in shares of Carnival Corporation by 0.3% in the first quarter. Norinchukin Bank The now owns 57,951 shares of the company’s stock worth $3,414,000 after acquiring an additional 147 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Carnival Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 53,337 shares of the company’s stock worth $3,140,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

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Carnival Corporation (CCL) opened at 64.33 on Friday. The firm has a market capitalization of $46.57 billion, a price-to-earnings ratio of 17.01 and a beta of 0.74. The firm has a 50-day moving average of $67.69 and a 200-day moving average of $63.59. Carnival Corporation has a 1-year low of $45.46 and a 1-year high of $69.89.

Carnival Corporation (NYSE:CCL) last posted its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect that Carnival Corporation will post $3.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.49%. Carnival Corporation’s payout ratio is currently 42.55%.

CCL has been the subject of several research reports. Bank of America Corporation restated a “buy” rating and issued a $73.20 price target on shares of Carnival Corporation in a research note on Monday, July 24th. Zacks Investment Research raised shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Carnival Corporation in a research report on Friday, June 16th. Instinet lifted their price objective on shares of Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, June 23rd. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a $71.00 price objective (up from $65.00) on shares of Carnival Corporation in a research report on Monday, June 26th. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.87.

In other news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $67.02, for a total value of $1,005,300.00. Following the transaction, the insider now directly owns 150,860 shares in the company, valued at approximately $10,110,637.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 23.80% of the company’s stock.

Carnival Corporation 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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