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Carnival Corp (CCL) Shares Bought by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC boosted its stake in Carnival Corp (NYSE:CCL) by 102.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,219 shares of the company’s stock after buying an additional 4,655 shares during the period. Ropes Wealth Advisors LLC’s holdings in Carnival Corp were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lodestar Investment Counsel LLC IL raised its position in 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 raised its position in 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 last quarter. Nordea Investment Management AB raised its position 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 worth $74,381,000 after buying an additional 498,792 shares during the last quarter. Private Wealth Partners LLC raised its position in 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 last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Carnival Corp during the first quarter worth about $525,000. 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 2.35% during mid-day trading on Wednesday, reaching $59.76. The company’s stock had a trading volume of 3,094,304 shares. Carnival Corp has a 52 week low of $42.94 and a 52 week high of $63.41. The firm’s 50 day moving average price is $60.16 and its 200 day moving average price is $55.46. The firm has a market capitalization of $43.39 billion, a P/E ratio of 14.73 and a beta of 0.73.

Carnival Corp (NYSE:CCL) last issued 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. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.78 billion. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. On average, analysts anticipate that Carnival Corp will post $3.71 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.61%. This is an increase from Carnival Corp’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, May 24th. Carnival Corp’s dividend payout ratio (DPR) is presently 37.43%.

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A number of research analysts have recently issued reports on CCL shares. Stifel Nicolaus boosted their target price on Carnival Corp from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, March 22nd. Zacks Investment Research raised Carnival Corp from a “sell” rating to a “hold” rating in a report on Friday, March 10th. Wells Fargo & Co raised Carnival Corp from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 21st. Wedbush boosted their target price on Carnival Corp from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, March 29th. Finally, William Blair raised Carnival Corp from a “market perform” rating to an “outperform” rating in a report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $57.28.

In related news, Director Richard Glasier sold 6,000 shares of the firm’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $58.29, for a total transaction of $349,740.00. Following the completion of the sale, the director now directly owns 26,684 shares of the company’s stock, valued at approximately $1,555,410.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sir John Parker sold 19,965 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $60.98, for a total value of $1,217,465.70. Following the sale, the director now directly owns 22,798 shares of the company’s stock, valued at $1,390,222.04. The disclosure for this sale can be found here. 22.00% of the stock is currently owned by company insiders.

About Carnival Corp

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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