Ramsay Stattman Vela & Price Inc. held its stake in Carnival Corporation (NYSE:CCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,100 shares of the company’s stock at the end of the second quarter. Ramsay Stattman Vela & Price Inc.’s holdings in Carnival Corporation were worth $859,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of CCL. Dubuque Bank & Trust Co. acquired a new stake in Carnival Corporation during the first quarter worth $106,000. Point72 Asia Hong Kong Ltd acquired a new stake in Carnival Corporation during the first quarter worth $138,000. Harbour Capital Advisors LLC acquired a new stake in Carnival Corporation during the first quarter worth $147,000. Parallel Advisors LLC boosted its stake in Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock worth $167,000 after buying an additional 1,251 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares during the last quarter. 78.54% of the stock is currently owned by institutional investors and hedge funds.
Carnival Corporation (NYSE:CCL) traded down 0.07% during mid-day trading on Tuesday, hitting $68.45. 300,695 shares of the stock were exchanged. The company has a market capitalization of $49.56 billion, a PE ratio of 18.10 and a beta of 0.75. Carnival Corporation has a 52 week low of $44.11 and a 52 week high of $69.24. The stock’s 50-day moving average is $67.04 and its 200 day moving average is $61.92.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. Carnival Corporation’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. On average, analysts anticipate that Carnival Corporation will post $3.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s payout ratio is currently 42.55%.
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A number of analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Wednesday, July 12th. Deutsche Bank AG reissued a “hold” rating and issued a $62.00 target price (up previously from $58.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Wedbush reissued a “neutral” rating and issued a $66.00 target price (up previously from $61.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $74.00 target price (up previously from $68.00) on shares of Carnival Corporation in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $62.49.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $67.52, for a total transaction of $1,012,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.80% of the stock is owned by company insiders.
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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