ProShare Advisors LLC reduced its stake in Carnival Corp (NYSE:CCL) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,702 shares of the company’s stock after selling 648 shares during the period. ProShare Advisors LLC’s holdings in Carnival Corp were worth $4,460,000 as of its most recent filing with the SEC.
Other large investors have also 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 stake in Carnival Corp by 0.3% in the third quarter. Boston Advisors LLC now owns 11,025 shares of the company’s stock worth $538,000 after buying an additional 35 shares during the period. Concert Wealth Management Inc. increased its stake 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 worth $268,000 after buying an additional 59 shares in the last quarter. Private Wealth Partners LLC increased its stake 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 in the last quarter. Finally, First National Bank & Trust Co. of Newtown increased its stake 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 worth $433,000 after buying an additional 225 shares in the last quarter. 79.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Carnival Corp (NYSE:CCL) traded down 1.29% during trading on Friday, hitting $61.19. 2,813,074 shares of the company’s stock were exchanged. The company has a 50-day moving average of $59.95 and a 200-day moving average of $55.04. The company has a market cap of $44.42 billion, a P/E 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 issued its quarterly earnings results on Tuesday, March 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, equities analysts expect that Carnival Corp will post $3.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, May 24th. This is an increase from Carnival Corp’s previous quarterly dividend of $0.35. Carnival Corp’s payout ratio is 37.43%.
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Several brokerages have issued reports on CCL. Stifel Nicolaus lifted their price objective on 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 target price on 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 lifted their price objective on Carnival Corp from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, March 29th. Instinet lifted their target price on Carnival Corp from $61.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Finally, Wedbush boosted their price target on Carnival Corp from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, March 29th. One 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’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.28.
In other Carnival Corp news, Director Sir John Parker sold 19,965 shares of Carnival Corp 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 completion of the sale, the director now owns 22,798 shares in the company, valued at approximately $1,390,222.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alan Buckelew sold 31,158 shares of Carnival Corp 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 completion of the sale, the insider now owns 211,520 shares of the company’s stock, valued at approximately $11,819,737.60. The disclosure for this sale can be found here. Insiders have sold a total of 125,206 shares of company stock valued at $7,112,793 in the last ninety days. Corporate insiders own 22.00% of the company’s stock.
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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