Strs Ohio decreased its position in shares of Carnival Corp (NYSE:CCL) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 247,350 shares of the company’s stock after selling 5,237 shares during the period. Strs Ohio’s holdings in Carnival Corp were worth $14,571,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CCL. Janney Montgomery Scott LLC increased its position in Carnival Corp by 54.1% in the first quarter. Janney Montgomery Scott LLC now owns 50,164 shares of the company’s stock valued at $2,955,000 after buying an additional 17,610 shares during the last quarter. Dubuque Bank & Trust Co. bought a new stake in shares of Carnival Corp during the first quarter valued at about $106,000. First Citizens Bank & Trust Co. boosted its stake in shares of Carnival Corp by 60.8% in the first quarter. First Citizens Bank & Trust Co. now owns 73,851 shares of the company’s stock valued at $4,350,000 after buying an additional 27,933 shares during the period. Kelman Lazarov Inc. bought a new stake in shares of Carnival Corp during the first quarter valued at about $813,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Carnival Corp by 2,246.8% in the first quarter. Acadian Asset Management LLC now owns 165,404 shares of the company’s stock valued at $9,744,000 after buying an additional 158,356 shares during the period. Institutional investors and hedge funds own 79.45% of the company’s stock.
Carnival Corp (NYSE:CCL) opened at 61.50 on Monday. Carnival Corp has a one year low of $42.94 and a one year high of $63.41. The firm has a market capitalization of $44.65 billion, a PE ratio of 15.16 and a beta of 0.73. The stock’s 50 day moving average price is $60.30 and its 200 day moving average price is $55.62.
Carnival Corp (NYSE:CCL) last posted its earnings results on Tuesday, March 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $3.79 billion during 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%. Carnival Corp’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. Analysts expect that Carnival Corp will post $3.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.60%. This is a positive change from Carnival Corp’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, May 24th. Carnival Corp’s payout ratio is presently 37.43%.
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Several brokerages have issued reports on CCL. Stifel Nicolaus increased their target price on Carnival Corp from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, March 29th. Barclays PLC raised their price objective on Carnival Corp from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 29th. Deutsche Bank AG raised their price objective on Carnival Corp from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, March 29th. Instinet raised their price objective on Carnival Corp from $61.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, March 29th. Finally, Wedbush lifted their price target on Carnival Corp from $54.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. Carnival Corp has a consensus rating of “Buy” and a consensus price target of $57.28.
In related news, Director Richard Glasier sold 6,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 26,684 shares in the company, valued at approximately $1,555,410.36. The transaction was disclosed in a legal filing 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 that occurred on 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 sale, 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 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.
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