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Parametric Portfolio Associates LLC Boosts Position in Carnival Corp (CCL)

Parametric Portfolio Associates LLC raised its stake in shares of Carnival Corp (NYSE:CCL) by 30.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 815,069 shares of the company’s stock after buying an additional 191,759 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.11% of Carnival Corp worth $48,016,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in Carnival Corp by 0.3% in the third quarter. Northern Trust Corp now owns 32,257,383 shares of the company’s stock valued at $1,574,805,000 after buying an additional 102,447 shares during the last quarter. State Street Corp raised its stake in Carnival Corp by 0.8% in the fourth quarter. State Street Corp now owns 17,714,770 shares of the company’s stock valued at $922,245,000 after buying an additional 133,391 shares during the last quarter. Investec Asset Management LTD raised its stake in Carnival Corp by 44.5% in the fourth quarter. Investec Asset Management LTD now owns 4,708,302 shares of the company’s stock valued at $245,114,000 after buying an additional 1,449,738 shares during the last quarter. Norges Bank acquired a new stake in Carnival Corp during the fourth quarter valued at approximately $222,852,000. Finally, American Century Companies Inc. raised its stake in Carnival Corp by 11.9% in the first quarter. American Century Companies Inc. now owns 4,215,757 shares of the company’s stock valued at $248,350,000 after buying an additional 447,857 shares during the last quarter. 79.45% of the stock is owned by hedge funds and other institutional investors.

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

Carnival Corp (NYSE:CCL) traded up 0.75% on Friday, hitting $61.50. The stock had a trading volume of 2,883,417 shares. The company 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 has a 12 month low of $42.94 and a 12 month high of $63.41.

Carnival Corp (NYSE:CCL) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, analysts predict that Carnival Corp will post $3.71 EPS 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 $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 24th. This is a positive change from Carnival Corp’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.60%. Carnival Corp’s payout ratio is currently 37.43%.

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Several equities research analysts recently issued reports on CCL shares. William Blair raised shares of Carnival Corp from a “market perform” rating to an “outperform” rating in a report on Monday, March 20th. Argus raised shares of Carnival Corp from a “hold” rating to a “buy” rating and increased their target price for the stock from $56.03 to $64.00 in a report on Monday, February 27th. Stifel Nicolaus increased their target price on shares of Carnival Corp from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Instinet increased their target price on shares of Carnival Corp from $61.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Finally, Wells Fargo & Co raised shares of Carnival Corp from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $57.28.

In other news, Director Sir John Parker sold 19,965 shares of Carnival Corp stock in a transaction that occurred on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Glasier sold 6,000 shares of Carnival Corp stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $58.29, for a total value of $349,740.00. Following the completion of the sale, the director now directly owns 26,684 shares in the company, valued at $1,555,410.36. The disclosure for this sale can be found here. 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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