SG Americas Securities LLC increased its position in shares of Carnival Corporation (NYSE:CCL) by 899.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,580 shares of the company’s stock after buying an additional 145,410 shares during the period. SG Americas Securities LLC’s holdings in Carnival Corporation were worth $9,519,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in CCL. Delphi Management Inc. MA bought a new stake in shares of Carnival Corporation during the third quarter worth approximately $609,000. Chartwell Investment Partners LLC raised its stake in Carnival Corporation by 0.9% in the third quarter. Chartwell Investment Partners LLC now owns 348,143 shares of the company’s stock worth $16,996,000 after buying an additional 3,033 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Carnival Corporation by 5.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 201,841 shares of the company’s stock worth $9,854,000 after buying an additional 10,700 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in Carnival Corporation by 40.4% in the third quarter. Cetera Advisor Networks LLC now owns 7,563 shares of the company’s stock worth $369,000 after buying an additional 2,177 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in Carnival Corporation during the third quarter worth about $2,852,000. Institutional investors own 78.81% of the company’s stock.
Carnival Corporation (NYSE CCL) traded up 1.16% during trading on Friday, reaching $66.45. 4,000,199 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $63.28 and a 200-day moving average price of $57.81. Carnival Corporation has a 12 month low of $42.94 and a 12 month high of $66.56. The firm has a market cap of $48.24 billion, a PE ratio of 16.38 and a beta of 0.77.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 18.09% and a return on equity of 11.25%. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts forecast that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, May 26th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 24th. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.41%. Carnival Corporation’s payout ratio is 39.60%.
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A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Carnival Corporation from a “sell” rating to a “hold” rating in a report on Monday, March 20th. Stifel Nicolaus increased their target price on Carnival Corporation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, March 22nd. Deutsche Bank AG increased their target price on Carnival Corporation from $50.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, March 29th. Wedbush increased their target price on Carnival Corporation from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, March 29th. Finally, ValuEngine upgraded Carnival Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities 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 stock. Carnival Corporation has a consensus rating of “Buy” and a consensus price target of $58.71.
In other news, Director Richard Glasier sold 6,000 shares of the business’s stock in a transaction dated 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 directly owns 26,684 shares in the company, valued at approximately $1,555,410.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sir John Parker sold 19,965 shares of the business’s 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 transaction, the director now owns 22,798 shares in the company, valued at $1,390,222.04. The disclosure for this sale can be found here. Insiders own 23.80% of the company’s stock.
About Carnival Corporation
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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