Cooke & Bieler LP Has $59,796,000 Position in Carnival Corp. (CCL)
Cooke & Bieler LP lowered its stake in shares of Carnival Corp. (NYSE:CCL) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,352,861 shares of the company’s stock after selling 2,960 shares during the period. Cooke & Bieler LP owned about 0.18% of Carnival Corp. worth $59,796,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CCL. Orbis Allan Gray Ltd acquired a new position in shares of Carnival Corp. during the first quarter valued at approximately $104,294,000. LS Investment Advisors LLC increased its position in shares of Carnival Corp. by 3.5% in the second quarter. LS Investment Advisors LLC now owns 19,793 shares of the company’s stock valued at $875,000 after buying an additional 673 shares during the period. AXA increased its position in shares of Carnival Corp. by 0.4% in the first quarter. AXA now owns 67,100 shares of the company’s stock valued at $3,541,000 after buying an additional 300 shares during the period. Sterling Ridge Capital Management LP increased its position in shares of Carnival Corp. by 23.2% in the first quarter. Sterling Ridge Capital Management LP now owns 64,833 shares of the company’s stock valued at $3,421,000 after buying an additional 12,195 shares during the period. Finally, Mariner Wealth Advisors LLC acquired a new position in shares of Carnival Corp. during the first quarter valued at approximately $400,000. 77.93% of the stock is currently owned by hedge funds and other institutional investors.
Carnival Corp. (NYSE:CCL) traded down 0.09% during mid-day trading on Monday, reaching $46.11. The company had a trading volume of 2,996,178 shares. The firm’s 50 day moving average price is $47.00 and its 200-day moving average price is $47.74. The company has a market capitalization of $33.66 billion, a price-to-earnings ratio of 14.34 and a beta of 0.80. Carnival Corp. has a 12 month low of $40.52 and a 12 month high of $55.77.
Carnival Corp. (NYSE:CCL) last announced its quarterly earnings results on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.03. The company earned $5.10 billion during the quarter. Carnival Corp. had a return on equity of 10.76% and a net margin of 15.10%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.75 earnings per share. Equities research analysts anticipate that Carnival Corp. will post $8.23 earnings per share for the current year.
Several brokerages have commented on CCL. Zacks Investment Research downgraded Carnival Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Buckingham Research upped their price objective on Carnival Corp. from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. upped their price objective on Carnival Corp. from $46.50 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, June 29th. Barclays PLC reaffirmed a “hold” rating and issued a $56.00 price objective (down previously from $58.00) on shares of Carnival Corp. in a research report on Wednesday, June 29th. Finally, Nomura reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Carnival Corp. in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.92.
In other Carnival Corp. news, CFO David Bernstein sold 4,030 shares of Carnival Corp. stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total transaction of $198,195.40. Following the completion of the sale, the chief financial officer now directly owns 47,256 shares of the company’s stock, valued at approximately $2,324,050.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 22.00% of the company’s stock.
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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