Carnival Corporation (CCL) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. raised its stake in Carnival Corporation (NYSE:CCL) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 660,397 shares of the company’s stock after buying an additional 70,430 shares during the period. Principal Financial Group Inc. owned about 0.09% of Carnival Corporation worth $43,302,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CCL. BB&T Corp increased its holdings in shares of Carnival Corporation by 918.9% in the 1st quarter. BB&T Corp now owns 3,566 shares of the company’s stock worth $210,000 after buying an additional 3,216 shares during the last quarter. Eqis Capital Management Inc. bought a new position in shares of Carnival Corporation in the 1st quarter worth $353,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Carnival Corporation by 288.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 62,038 shares of the company’s stock worth $3,720,000 after buying an additional 46,066 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in shares of Carnival Corporation in the 1st quarter worth $525,000. Finally, Davis R M Inc. increased its holdings in shares of Carnival Corporation by 45.1% in the 1st quarter. Davis R M Inc. now owns 69,855 shares of the company’s stock worth $4,115,000 after buying an additional 21,710 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.
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In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $67.02, for a total value of $1,005,300.00. Following the completion of the transaction, the insider now directly owns 150,860 shares in the company, valued at $10,110,637.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.80% of the company’s stock.
Carnival Corporation (CCL) opened at 66.96 on Thursday. Carnival Corporation has a one year low of $44.11 and a one year high of $69.89. The company has a market capitalization of $48.48 billion, a price-to-earnings ratio of 17.71 and a beta of 0.74. The firm has a 50-day moving average of $67.72 and a 200 day moving average of $62.89.
Carnival Corporation (NYSE:CCL) last announced its earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate 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 was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Equities research analysts predict that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.39%. Carnival Corporation’s dividend payout ratio is presently 42.55%.
A number of equities analysts have recently commented on CCL shares. Instinet increased their price target on shares of Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, June 23rd. UBS AG reaffirmed a “buy” rating and issued a $76.00 price objective (up previously from $67.00) on shares of Carnival Corporation in a research note on Thursday, August 17th. Bank of America Corporation reaffirmed a “buy” rating and issued a $73.20 price objective on shares of Carnival Corporation in a research note on Monday, July 24th. BidaskClub cut shares of Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $63.32.
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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