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 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).
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.