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Carnival Corp (CCL) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. cut its position in shares of Carnival Corp (NYSE:CCL) by 2.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,148,887 shares of the company’s stock after selling 64,064 shares during the period. Carnival Corp accounts for about 0.8% of Eagle Asset Management Inc.’s portfolio, making the stock its 13th largest position. Eagle Asset Management Inc. owned about 0.30% of Carnival Corp worth $126,590,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CCL. Toronto Dominion Bank boosted its position in shares of Carnival Corp by 56.1% in the first quarter. Toronto Dominion Bank now owns 112,036 shares of the company’s stock worth $6,599,000 after buying an additional 40,257 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Carnival Corp by 129.9% in the first quarter. Ameriprise Financial Inc. now owns 3,395,780 shares of the company’s stock worth $201,341,000 after buying an additional 1,918,638 shares during the last quarter. Commerce Bank boosted its position in shares of Carnival Corp by 87.7% in the first quarter. Commerce Bank now owns 9,419 shares of the company’s stock worth $555,000 after buying an additional 4,402 shares during the last quarter. Sei Investments Co. boosted its position in shares of Carnival Corp by 5.3% in the first quarter. Sei Investments Co. now owns 980,683 shares of the company’s stock worth $57,772,000 after buying an additional 48,952 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Carnival Corp during the first quarter worth about $8,382,000. 79.45% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Carnival Corp (NYSE:CCL) traded up 0.75% during midday trading on Friday, reaching $61.50. 2,883,417 shares of the company’s stock traded hands. Carnival Corp has a 52-week low of $42.94 and a 52-week high of $63.41. The firm has a market cap of $44.65 billion, a PE ratio of 15.16 and a beta of 0.73. The company has a 50 day moving average of $60.30 and a 200 day moving average of $55.62.

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, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict 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. Shareholders of record on Friday, May 26th will be issued a dividend of $0.40 per share. This is an increase from Carnival Corp’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $1.60 annualized dividend and a yield of 2.60%. Carnival Corp’s dividend payout ratio is presently 37.43%.

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

In other Carnival Corp news, Director Richard Glasier sold 6,000 shares of the company’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $58.29, for a total transaction of $349,740.00. Following the transaction, the director now owns 26,684 shares in the company, valued at $1,555,410.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sir John Parker sold 19,965 shares of the company’s stock in a transaction on 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 transaction, the director now owns 22,798 shares in the company, valued at approximately $1,390,222.04. The disclosure for this sale can be found here. Corporate 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.

12 Month Chart for NYSE:CCL

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