Highstreet Asset Management Inc. held its position in Carnival Corporation (NYSE:CCL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,204 shares of the company’s stock at the end of the second quarter. Highstreet Asset Management Inc.’s holdings in Carnival Corporation were worth $1,062,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. boosted its position in Carnival Corporation by 3.1% in the first quarter. Capstone Asset Management Co. now owns 35,001 shares of the company’s stock valued at $2,062,000 after buying an additional 1,060 shares during the last quarter. Reliance Trust Co. of Delaware boosted its position in Carnival Corporation by 115.2% in the first quarter. Reliance Trust Co. of Delaware now owns 9,650 shares of the company’s stock valued at $568,000 after buying an additional 5,166 shares during the last quarter. Boston Advisors LLC boosted its position in Carnival Corporation by 69.0% in the first quarter. Boston Advisors LLC now owns 11,635 shares of the company’s stock valued at $685,000 after buying an additional 4,750 shares during the last quarter. Granite Investment Advisors LLC boosted its position in Carnival Corporation by 17.5% in the first quarter. Granite Investment Advisors LLC now owns 125,225 shares of the company’s stock valued at $7,377,000 after buying an additional 18,670 shares during the last quarter. Finally, Boys Arnold & Co. Inc. boosted its position in Carnival Corporation by 42.7% in the first quarter. Boys Arnold & Co. Inc. now owns 7,350 shares of the company’s stock valued at $433,000 after buying an additional 2,200 shares during the last quarter. 78.54% of the stock is owned by institutional investors.

Shares of Carnival Corporation (NYSE CCL) opened at 67.51 on Friday. The company has a market cap of $48.88 billion, a price-to-earnings ratio of 17.86 and a beta of 0.75. Carnival Corporation has a one year low of $44.11 and a one year high of $69.24. The company’s 50-day moving average is $66.89 and its 200-day moving average is $61.64.

Carnival Corporation (NYSE:CCL) last posted its earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Carnival Corporation’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Carnival Corporation will post $3.74 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.40 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.37%. Carnival Corporation’s payout ratio is currently 42.55%.

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CCL has been the subject of several research reports. Wolfe Research upgraded shares of Carnival Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 25th. ValuEngine upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $74.00 price objective (up previously from $69.00) on shares of Carnival Corporation in a research report on Saturday, June 3rd. William Blair reiterated an “outperform” rating on shares of Carnival Corporation in a research report on Friday, June 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $68.00 price objective on shares of Carnival Corporation in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the stock. Carnival Corporation presently has a consensus 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 company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $67.52, for a total value of $1,012,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.80% of the company’s stock.

About Carnival Corporation

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.

Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

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