Meag Munich Ergo Kapitalanlagegesellschaft MBH lowered its stake in Carnival Corp. (NYSE:CCL) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 288,687 shares of the company’s stock after selling 64,032 shares during the period. Carnival Corp. accounts for approximately 1.2% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 29th largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Carnival Corp. were worth $12,760,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CCL. Capital Analysts LLC increased its stake in Carnival Corp. by 3.7% in the second quarter. Capital Analysts LLC now owns 3,316 shares of the company’s stock valued at $147,000 after buying an additional 118 shares in the last quarter. Hall Laurie J Trustee increased its stake in Carnival Corp. by 6.9% in the second quarter. Hall Laurie J Trustee now owns 3,550 shares of the company’s stock valued at $162,000 after buying an additional 230 shares in the last quarter. New England Research & Management Inc. acquired a new stake in Carnival Corp. during the second quarter valued at approximately $225,000. Opera Trading Capital acquired a new stake in Carnival Corp. during the first quarter valued at approximately $231,000. Finally, Magnetar Financial LLC acquired a new stake in Carnival Corp. during the first quarter valued at approximately $262,000. Institutional investors and hedge funds own 77.93% of the company’s stock.

Institutional Ownership by Quarter for Carnival Corp. (NYSE:CCL)

Shares of Carnival Corp. (NYSE:CCL) traded up 0.89% during trading on Tuesday, hitting $46.52. 2,587,778 shares of the company were exchanged. Carnival Corp. has a 1-year low of $40.52 and a 1-year high of $55.77. The stock has a market capitalization of $33.96 billion, a PE ratio of 14.47 and a beta of 0.80. The company has a 50 day moving average of $46.98 and a 200-day moving average of $47.64.

Carnival Corp. (NYSE:CCL) last posted its quarterly earnings data on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. The business earned $5.10 billion during the quarter. Carnival Corp. had a return on equity of 10.76% and a net margin of 15.10%. Carnival Corp.’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 EPS. On average, analysts forecast that Carnival Corp. will post $3.36 earnings per share for the current year.

Several equities research analysts recently commented on CCL shares. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price on shares of Carnival Corp. in a research report on Tuesday, September 27th. Nomura cut their target price on shares of Carnival Corp. from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Tuesday, September 27th. Bank of America Corp. set a $53.40 target price on shares of Carnival Corp. and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Buckingham Research lifted their target price on shares of Carnival Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, September 27th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of Carnival Corp. in a research report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $55.92.

In other Carnival Corp. news, CFO David Bernstein sold 4,030 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $49.18, for a total value of $198,195.40. Following the completion of the transaction, the chief financial officer now owns 47,256 shares in the company, valued at $2,324,050.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 22.00% of the stock is owned by company insiders.

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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