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.
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.
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