Strs Ohio decreased its stake in Carnival Corp. (NYSE:CCL) by 2.7% during the second quarter, Holdings Channel reports. The fund owned 264,799 shares of the company’s stock after selling 7,279 shares during the period. Strs Ohio’s holdings in Carnival Corp. were worth $11,704,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Carnival Corp. during the second quarter valued at $101,474,000. Orbis Allan Gray Ltd bought a new stake in shares of Carnival Corp. during the first quarter valued at $104,294,000. TIAA CREF Investment Management LLC boosted its stake in shares of 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. Picton Mahoney Asset Management bought a new stake in shares of Carnival Corp. during the first quarter valued at $11,584,000. Finally, HBK Investments L P boosted its stake in shares of Carnival Corp. by 73.3% in the first quarter. HBK Investments L P now owns 434,918 shares of the company’s stock valued at $22,951,000 after buying an additional 184,025 shares during the last quarter. 77.99% of the stock is currently owned by institutional investors.
Carnival Corp. (NYSE:CCL) traded up 1.16% during trading on Friday, hitting $48.82. The company had a trading volume of 4,481,452 shares. The stock has a market capitalization of $35.64 billion, a price-to-earnings ratio of 15.18 and a beta of 0.84. The firm’s 50 day moving average is $46.74 and its 200-day moving average is $47.81. Carnival Corp. has a 52-week low of $40.52 and a 52-week high of $55.77.
Carnival Corp. (NYSE:CCL) last posted its earnings results on Monday, September 26th. The company reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.03. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The firm earned $5.10 billion during the quarter. During the same quarter last year, the business posted $1.75 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Carnival Corp. will post $8.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.40 annualized dividend and a yield of 2.87%. Carnival Corp.’s dividend payout ratio (DPR) is presently 42.94%.
Several equities research analysts have weighed in on CCL shares. Bank of America Corp. set a $53.40 price objective on Carnival Corp. and gave the stock a “buy” rating in a research note on Wednesday, September 21st. Morgan Stanley lowered Carnival Corp. from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $54.00 to $48.00 in a research report on Friday, September 2nd. Wells Fargo & Co. restated an “outperform” rating on shares of Carnival Corp. in a research report on Thursday, June 30th. Zacks Investment Research upgraded Carnival Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Finally, Sanford C. Bernstein began coverage on Carnival Corp. in a research report on Thursday, September 8th. They set a “market perform” rating and a $51.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen 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 $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.
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp. (NYSE:CCL).
Receive News & Ratings for Carnival Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corp. and related companies with MarketBeat.com's FREE daily email newsletter.