Capital Fund Management S.A. increased its stake in shares of Carnival Corp. (NYSE:CCL) by 140.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 110,799 shares of the company’s stock after buying an additional 64,750 shares during the period. Capital Fund Management S.A.’s holdings in Carnival Corp. were worth $4,897,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of CCL. Bank of Montreal Can purchased a new position in Carnival Corp. during the second quarter valued at $101,474,000. Orbis Allan Gray Ltd purchased a new position in Carnival Corp. during the first quarter valued at $104,294,000. American Century Companies Inc. boosted its position in Carnival Corp. by 21.7% in the second quarter. American Century Companies Inc. now owns 4,199,272 shares of the company’s stock valued at $185,608,000 after buying an additional 750,017 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Carnival Corp. by 17.3% in the first quarter. TIAA CREF Investment Management LLC now owns 2,340,640 shares of the company’s stock valued at $123,516,000 after buying an additional 345,560 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Carnival Corp. during the first quarter valued at $11,584,000. 77.99% of the stock is currently owned by institutional investors.
Shares of Carnival Corp. (NYSE:CCL) traded up 1.16% on Friday, hitting $48.82. 4,481,452 shares of the stock were exchanged. The company has a 50-day moving average price of $46.74 and a 200-day moving average price of $47.81. The firm has a market capitalization of $35.64 billion, a PE ratio of 15.18 and a beta of 0.84. Carnival Corp. has a one year low of $40.52 and a one year high of $55.77.
Carnival Corp. (NYSE:CCL) last released its earnings results on Monday, September 26th. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business earned $5.10 billion during the quarter. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. Equities research analysts expect that Carnival Corp. will post $8.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, August 24th. Carnival Corp.’s dividend payout ratio (DPR) is currently 42.94%.
Several research firms have weighed in on CCL. Deutsche Bank AG began coverage on shares of Carnival Corp. in a research report on Thursday. They set a “hold” rating and a $48.00 price objective on the stock. Morgan Stanley cut shares of Carnival Corp. from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $54.00 to $48.00 in a research report on Friday, September 2nd. Wells Fargo & Co. reiterated a “buy” rating on shares of Carnival Corp. in a research report on Wednesday. Sterne Agee CRT assumed coverage on shares of Carnival Corp. in a research report on Tuesday, June 7th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Nomura lowered their price target on shares of Carnival Corp. from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $55.97.
Carnival Corp. Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.
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