Stifel Financial Corp lowered its stake in Carnival Corporation (NYSE:CCL) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 700,830 shares of the company’s stock after selling 16,744 shares during the period. Stifel Financial Corp owned approximately 0.10% of Carnival Corporation worth $41,295,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Delphi Management Inc. MA bought a new stake in shares of Carnival Corporation during the third quarter valued at $609,000. Chartwell Investment Partners LLC increased its stake in shares of Carnival Corporation by 0.9% in the third quarter. Chartwell Investment Partners LLC now owns 348,143 shares of the company’s stock valued at $16,996,000 after buying an additional 3,033 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of 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 valued at $9,854,000 after buying an additional 10,700 shares during the period. Cetera Advisor Networks LLC increased its stake in shares of Carnival Corporation by 40.4% in the third quarter. Cetera Advisor Networks LLC now owns 7,563 shares of the company’s stock valued at $369,000 after buying an additional 2,177 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Carnival Corporation during the third quarter valued at $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. The company had a trading volume of 4,000,199 shares. The company has a 50-day moving average of $63.28 and a 200-day moving average of $57.81. The firm has a market capitalization of $48.24 billion, a P/E ratio of 16.38 and a beta of 0.77. Carnival Corporation has a 52-week low of $42.94 and a 52-week high of $66.56.
Carnival Corporation (NYSE:CCL) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Carnival Corporation will post $3.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 26th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.41%. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, May 24th. Carnival Corporation’s dividend payout ratio (DPR) is currently 39.60%.
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A number of research firms have recently commented on CCL. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $57.00 price objective (up previously from $55.00) on shares of Carnival Corporation in a report on Tuesday. Instinet increased their price objective on Carnival Corporation from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 price objective on shares of Carnival Corporation in a report on Friday, June 16th. Credit Suisse Group reiterated an “outperform” rating and issued a $74.00 price objective (up previously from $69.00) on shares of Carnival Corporation in a report on Saturday, June 3rd. Finally, ValuEngine upgraded Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.71.
In other news, Director Sir John Parker sold 19,965 shares of Carnival Corporation stock in a transaction on Friday, April 28th. The shares were sold at an average price of $60.98, for a total transaction of $1,217,465.70. Following the transaction, 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 legal filing with the SEC, which is available at the SEC website. Also, Director Richard Glasier sold 6,000 shares of Carnival Corporation stock in a transaction on Thursday, April 13th. The stock was 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 $1,555,410.36. The disclosure for this sale can be found here. Company insiders own 23.80% of the company’s stock.
Carnival Corporation 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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