Carnival Corporation (NYSE:CCL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $64.21, but opened at $65.57. Carnival Corporation shares last traded at $67.65, with a volume of 6,671,166 shares trading hands.

Several equities analysts recently commented on CCL shares. Wolfe Research raised shares of Carnival Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 25th. ValuEngine raised shares of Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group reissued an “outperform” rating and issued a $74.00 price objective (up previously from $69.00) on shares of Carnival Corporation in a research note on Saturday, June 3rd. William Blair reissued an “outperform” rating on shares of Carnival Corporation in a research note on Friday, June 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price objective on shares of Carnival Corporation in a research note on Friday, June 16th. Eight analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Carnival Corporation presently has an average rating of “Buy” and an average price target of $63.32.

The company has a market capitalization of $48.98 billion, a price-to-earnings ratio of 17.89 and a beta of 0.74. The company has a 50 day moving average price of $67.65 and a 200-day moving average price of $63.09.

Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion for 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 company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities analysts predict that Carnival Corporation will post $3.74 EPS for the current fiscal year.

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

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 transaction, the insider now directly owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.80% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Carnival Corporation by 2,672.9% in the 1st quarter. BlackRock Inc. now owns 27,919,132 shares of the company’s stock worth $1,644,716,000 after buying an additional 26,912,293 shares during the period. Alliancebernstein L.P. grew its position in shares of Carnival Corporation by 316.9% in the 2nd quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock worth $277,772,000 after buying an additional 3,220,191 shares during the period. Ameriprise Financial Inc. grew its position in shares of Carnival Corporation by 129.9% in the 1st quarter. Ameriprise Financial Inc. now owns 3,395,780 shares of the company’s stock worth $201,341,000 after buying an additional 1,918,638 shares during the period. Janus Henderson Group PLC grew its position in shares of Carnival Corporation by 115.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock worth $202,505,000 after buying an additional 1,655,345 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Carnival Corporation by 6.5% in the 1st quarter. Bank of America Corp DE now owns 24,838,450 shares of the company’s stock worth $1,463,234,000 after buying an additional 1,519,630 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Carnival Corporation (CCL) Shares Gap Up to $65.57” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/11/carnival-corporation-ccl-shares-gap-up-to-65-57.html.

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.

Receive News & Stock Ratings for Carnival Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corporation and related stocks with our FREE daily email newsletter.