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Stevens Capital Management LP Acquires 192,247 Shares of Carnival Corp (CCL)

Stevens Capital Management LP increased its position in Carnival Corp (NYSE:CCL) by 1,120.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 209,405 shares of the company’s stock after buying an additional 192,247 shares during the period. Stevens Capital Management LP’s holdings in Carnival Corp were worth $12,336,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CCL. Private Wealth Partners LLC boosted its stake in Carnival Corp by 0.6% in the first quarter. Private Wealth Partners LLC now owns 15,650 shares of the company’s stock valued at $922,000 after buying an additional 100 shares during the period. First National Bank & Trust Co. of Newtown boosted 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 valued at $433,000 after buying an additional 225 shares during the last quarter. NCM Capital Management Group Inc. boosted its position in Carnival Corp by 9.9% in the third quarter. NCM Capital Management Group Inc. now owns 2,775 shares of the company’s stock valued at $135,000 after buying an additional 250 shares during the last quarter. Lodestar Investment Counsel LLC IL boosted its position in Carnival Corp by 2.6% in the first quarter. Lodestar Investment Counsel LLC IL now owns 12,050 shares of the company’s stock valued at $710,000 after buying an additional 300 shares during the last quarter. Finally, Intrust Bank NA boosted its position in Carnival Corp by 6.0% in the first quarter. Intrust Bank NA now owns 5,341 shares of the company’s stock valued at $315,000 after buying an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 79.45% of the company’s stock.

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

Carnival Corp (NYSE:CCL) traded up 0.11% during mid-day trading on Friday, reaching $65.47. 5,234,204 shares of the company were exchanged. The stock has a market capitalization of $47.53 billion, a price-to-earnings ratio of 16.13 and a beta of 0.73. Carnival Corp has a 12-month low of $42.94 and a 12-month high of $66.48. The company’s 50 day moving average price is $61.44 and its 200-day moving average price is $56.50.

Carnival Corp (NYSE:CCL) last released its earnings results on Tuesday, March 28th. The company reported $0.38 EPS for the quarter, beating the 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 business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, equities research analysts forecast that Carnival Corp will post $3.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 26th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 24th. This is an increase from Carnival Corp’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.44%. Carnival Corp’s dividend payout ratio (DPR) is currently 37.43%.

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A number of analysts have issued reports on CCL shares. Stifel Nicolaus lifted their price target on Carnival Corp from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, March 22nd. Zacks Investment Research raised Carnival Corp from a “sell” rating to a “hold” rating in a report on Friday, March 10th. Wedbush boosted their price target on Carnival Corp from $54.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, March 29th. Wells Fargo & Co upgraded Carnival Corp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 21st. Finally, William Blair upgraded Carnival Corp from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given 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 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 value of $349,740.00. Following the completion of the sale, the director now owns 26,684 shares in the company, valued at approximately $1,555,410.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the director now directly owns 22,798 shares in the company, valued at $1,390,222.04. The disclosure for this sale can be found here. 22.00% of the stock is owned by company insiders.

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.

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