Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Acquires New Holdings in Carnival Corp (CCL)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Carnival Corp (NYSE:CCL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 220,700 shares of the company’s stock, valued at approximately $12,648,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CNB Bank increased its holdings in shares of Carnival by 448.6% in the 1st quarter. CNB Bank now owns 1,942 shares of the company’s stock worth $127,000 after acquiring an additional 1,588 shares during the period. Private Capital Group LLC increased its holdings in shares of Carnival by 2,911.6% in the 1st quarter. Private Capital Group LLC now owns 2,078 shares of the company’s stock worth $136,000 after acquiring an additional 2,009 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Carnival in the 2nd quarter worth about $124,000. Signaturefd LLC acquired a new stake in shares of Carnival in the 1st quarter worth about $180,000. Finally, Jump Trading LLC acquired a new stake in shares of Carnival in the 1st quarter worth about $218,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of CCL opened at $62.70 on Friday. The stock has a market capitalization of $33.18 billion, a P/E ratio of 16.41, a P/E/G ratio of 0.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.24 and a quick ratio of 0.20. Carnival Corp has a 52-week low of $56.45 and a 52-week high of $72.70.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Monday, June 25th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.09. Carnival had a net margin of 15.40% and a return on equity of 12.31%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. equities research analysts expect that Carnival Corp will post 4.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 24th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 23rd. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. Carnival’s dividend payout ratio (DPR) is 52.36%.

A number of analysts recently weighed in on the stock. Deutsche Bank dropped their price objective on shares of Carnival from $71.00 to $68.00 and set a “hold” rating on the stock in a report on Tuesday, June 26th. Stifel Nicolaus dropped their price objective on shares of Carnival from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Tuesday, June 26th. Wells Fargo & Co dropped their price objective on shares of Carnival from $80.00 to $76.00 and set an “outperform” rating on the stock in a report on Tuesday, June 26th. SunTrust Banks decreased their target price on shares of Carnival to $79.00 and set a “buy” rating for the company in a research report on Tuesday, June 26th. Finally, Barclays decreased their target price on shares of Carnival from $77.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, June 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Carnival currently has a consensus rating of “Buy” and a consensus target price of $74.00.

Carnival Profile

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

Featured Story: NASDAQ

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).

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply