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Carnival Corp (CCL) Position Cut by Strs Ohio

Strs Ohio cut its stake in Carnival Corp (NYSE:CCL) by 2.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 247,350 shares of the company’s stock after selling 5,237 shares during the period. Strs Ohio’s holdings in Carnival Corp were worth $14,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rowland & Co. Investment Counsel ADV raised its position in shares of Carnival Corp by 0.4% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,315 shares of the company’s stock valued at $113,000 after buying an additional 9 shares during the last quarter. Boston Advisors LLC raised its position in shares of Carnival Corp by 0.3% in the third quarter. Boston Advisors LLC now owns 11,025 shares of the company’s stock valued at $538,000 after buying an additional 35 shares during the last quarter. Concert Wealth Management Inc. raised its position in shares of Carnival Corp by 1.1% in the third quarter. Concert Wealth Management Inc. now owns 5,434 shares of the company’s stock valued at $268,000 after buying an additional 59 shares during the last quarter. Private Wealth Partners LLC raised 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 valued at $922,000 after buying an additional 100 shares during the last quarter. Finally, First National Bank & Trust Co. of Newtown raised its position in shares of Carnival Corp by 3.2% in the first quarter. First National Bank & Trust Co. of Newtown now owns 7,363 shares of the company’s stock valued at $433,000 after buying an additional 225 shares during the last quarter. Institutional investors own 79.45% of the company’s stock.

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

Shares of Carnival Corp (NYSE:CCL) traded down 1.29% during mid-day trading on Friday, reaching $61.19. The company’s stock had a trading volume of 1,437,755 shares. The company has a 50-day moving average of $59.84 and a 200-day moving average of $54.99. The firm has a market cap of $44.42 billion, a PE ratio of 15.08 and a beta of 0.73. Carnival Corp has a 12 month low of $42.94 and a 12 month high of $63.41.

Carnival Corp (NYSE:CCL) last posted its quarterly earnings data 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. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts predict that Carnival Corp will post $3.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be issued a $0.40 dividend. This is a boost from Carnival Corp’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Wednesday, May 24th. Carnival Corp’s dividend payout ratio is presently 37.43%.

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

In related news, 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 completion of the sale, the director now directly owns 22,798 shares in the company, valued at approximately $1,390,222.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alan Buckelew sold 31,158 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $55.88, for a total value of $1,741,109.04. Following the sale, the insider now owns 211,520 shares of the company’s stock, valued at $11,819,737.60. The disclosure for this sale can be found here. Insiders sold a total of 125,206 shares of company stock valued at $7,112,793 over the last quarter. 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.

5 Day Chart for NYSE:CCL

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