Suntrust Banks Inc. boosted its position in shares of Carnival Corp (NYSE:CCL) by 0.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,559,021 shares of the company’s stock after buying an additional 3,973 shares during the period. Carnival Corp accounts for about 13.0% of Suntrust Banks Inc.’s portfolio, making the stock its largest position. Suntrust Banks Inc. owned 5.31% of Carnival Corp worth $2,271,510,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in CCL. Lodestar Investment Counsel LLC IL increased its stake in shares of Carnival Corp by 2.6% in the first quarter. Lodestar Investment Counsel LLC IL now owns 12,050 shares of the company’s stock worth $710,000 after buying an additional 300 shares during the last quarter. Cadence Capital Management LLC boosted its position in shares of Carnival Corp by 12.0% in the fourth quarter. Cadence Capital Management LLC now owns 65,246 shares of the company’s stock worth $3,397,000 after buying an additional 7,008 shares during the period. Nordea Investment Management AB boosted its position in shares of Carnival Corp by 48.7% in the third quarter. Nordea Investment Management AB now owns 1,523,567 shares of the company’s stock worth $74,381,000 after buying an additional 498,792 shares during the period. Private Wealth Partners LLC boosted its position in shares of Carnival Corp by 0.6% in the first quarter. Private Wealth Partners LLC now owns 15,650 shares of the company’s stock worth $922,000 after buying an additional 100 shares during the period. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of Carnival Corp during the first quarter worth about $525,000. Hedge funds and other institutional investors own 79.45% of the company’s stock.
Carnival Corp (NYSE:CCL) traded down 1.3388% during mid-day trading on Friday, reaching $61.1601. 2,418,667 shares of the company’s stock traded hands. The company has a 50-day moving average of $59.84 and a 200-day moving average of $54.99. The company has a market capitalization of $44.40 billion, a price-to-earnings ratio of 15.0715 and a beta of 0.73. Carnival Corp has a 52-week low of $42.94 and a 52-week high of $63.41.
Carnival Corp (NYSE:CCL) last released its quarterly earnings data on Tuesday, March 28th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.78 billion. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Equities research analysts expect that Carnival Corp will post $3.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 26th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, May 24th. This is a positive change from Carnival Corp’s previous quarterly dividend of $0.35. Carnival Corp’s dividend payout ratio is currently 37.43%.
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CCL has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on shares of Carnival Corp from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, March 22nd. Instinet increased their target price on shares of Carnival Corp from $61.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, March 29th. Argus raised shares of Carnival Corp from a “hold” rating to a “buy” rating and increased their target price for the company from $56.03 to $64.00 in a report on Monday, February 27th. Barclays PLC increased their target price on shares of Carnival Corp from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Wednesday, March 29th. Finally, Zacks Investment Research raised shares of Carnival Corp from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $57.28.
In other Carnival Corp news, CEO Arnold W. Donald sold 32,049 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were 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 in the company, valued at approximately $33,523,138.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Alan Buckelew sold 31,158 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $55.88, for a total transaction of $1,741,109.04. Following the completion of the transaction, the insider now owns 211,520 shares in the company, valued at approximately $11,819,737.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,206 shares of company stock worth $7,112,793. Company insiders own 22.00% of the company’s stock.
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.
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