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Hartford Investment Management Co. Sells 6,702 Shares of Carnival Corp (CCL)

Hartford Investment Management Co. decreased its position in shares of Carnival Corp (NYSE:CCL) by 6.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,771 shares of the company’s stock after selling 6,702 shares during the period. Hartford Investment Management Co.’s holdings in Carnival Corp were worth $5,583,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in CCL. Rowland & Co. Investment Counsel ADV raised its position in Carnival Corp by 0.4% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,315 shares of the company’s stock worth $113,000 after buying an additional 9 shares during the last quarter. Boston Advisors LLC raised its position 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 last quarter. Concert Wealth Management Inc. raised its position in 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 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, First National Bank & Trust Co. of Newtown raised its position in 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 during the last quarter. Institutional investors and hedge funds own 79.45% of the company’s stock.

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

Carnival Corp (NYSE:CCL) opened at 61.19 on Friday. The stock has a market cap of $44.42 billion, a price-to-earnings ratio of 15.08 and a beta of 0.73. The company has a 50-day moving average price of $59.84 and a 200 day moving average price of $54.99. Carnival Corp has a 12-month low of $42.94 and a 12-month high of $63.41.

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, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.78 billion. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. On average, equities research analysts predict that Carnival Corp will post $3.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 26th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.61%. The ex-dividend date is Wednesday, May 24th. This is a positive change from Carnival Corp’s previous quarterly dividend of $0.35. Carnival Corp’s dividend payout ratio is currently 37.43%.

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A number of equities analysts have weighed in on the company. 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 note on Wednesday, March 29th. Barclays PLC lifted their price target 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 target on Carnival Corp from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, March 29th. Instinet lifted their price target on 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 lifted their price target on Carnival Corp from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, March 29th. One 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 stock. Carnival Corp has a consensus rating of “Buy” and an average target price of $57.28.

In other Carnival Corp news, insider Alan Buckelew sold 31,158 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 211,520 shares in the company, valued at approximately $11,819,737.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Arnold W. Donald sold 32,049 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $55.88, for a total transaction of $1,790,898.12. Following the completion of the transaction, the chief executive officer now owns 599,913 shares in the company, valued at approximately $33,523,138.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,206 shares of company stock worth $7,112,793. Company 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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