Zurcher Kantonalbank Zurich Cantonalbank Purchases 107,744 Shares of Carnival Corporation (CCL)
Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Carnival Corporation (NYSE:CCL) by 139.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,873 shares of the company’s stock after buying an additional 107,744 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carnival Corporation were worth $12,122,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Cleararc Capital Inc. raised its position in shares of Carnival Corporation by 0.6% in the first quarter. Cleararc Capital Inc. now owns 10,237 shares of the company’s stock worth $603,000 after buying an additional 63 shares in the last quarter. Blair William & Co. IL raised its position in shares of Carnival Corporation by 1.7% in the first quarter. Blair William & Co. IL now owns 4,214 shares of the company’s stock worth $241,000 after buying an additional 72 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Carnival Corporation by 1.7% in the second quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after buying an additional 75 shares in the last quarter. Norinchukin Bank The raised its position in shares of Carnival Corporation by 0.3% in the first quarter. Norinchukin Bank The now owns 57,951 shares of the company’s stock worth $3,414,000 after buying an additional 147 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Carnival Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 53,337 shares of the company’s stock worth $3,140,000 after buying an additional 189 shares in the last quarter. 77.32% of the stock is owned by institutional investors.
Carnival Corporation (CCL) opened at 68.55 on Tuesday. The company has a 50-day moving average of $67.26 and a 200-day moving average of $62.19. The company has a market capitalization of $49.63 billion, a P/E ratio of 18.13 and a beta of 0.75. Carnival Corporation has a 1-year low of $44.11 and a 1-year high of $69.24.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Equities analysts expect that Carnival Corporation will post $3.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 2.33%. Carnival Corporation’s dividend payout ratio (DPR) is 42.55%.
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A number of analysts have issued reports on CCL shares. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Tuesday, August 22nd. Stifel Nicolaus reissued a “buy” rating and set a $68.00 price objective on shares of Carnival Corporation in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Carnival Corporation in a report on Tuesday, August 15th. UBS AG reissued a “buy” rating and set a $76.00 price objective (up previously from $67.00) on shares of Carnival Corporation in a report on Thursday, August 17th. Finally, BidaskClub lowered Carnival Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $62.59.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the sale, the insider now directly owns 150,860 shares in the company, valued at approximately $10,110,637.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.80% of the company’s stock.
Carnival Corporation Company Profile
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.
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