HS Management Partners LLC Has $176.41 Million Holdings in Carnival Corporation (CCL)
HS Management Partners LLC raised its position in Carnival Corporation (NYSE:CCL) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,690,471 shares of the company’s stock after purchasing an additional 93,775 shares during the quarter. Carnival Corporation comprises approximately 5.8% of HS Management Partners LLC’s investment portfolio, making the stock its 8th biggest holding. HS Management Partners LLC owned 0.37% of Carnival Corporation worth $176,414,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of Carnival Corporation by 4.0% during the first quarter. Teachers Advisors LLC now owns 1,313,131 shares of the company’s stock valued at $77,357,000 after acquiring an additional 50,283 shares during the period. Prudential Financial Inc. increased its stake in shares of Carnival Corporation by 4.3% during the second quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock valued at $43,908,000 after acquiring an additional 27,330 shares during the period. Covenant Multifamily Offices LLC increased its stake in shares of Carnival Corporation by 2.4% during the second quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock valued at $2,618,000 after acquiring an additional 929 shares during the period. Peak Capital Management LLC acquired a new position in shares of Carnival Corporation during the second quarter valued at approximately $495,000. Finally, SG Americas Securities LLC increased its stake in shares of Carnival Corporation by 899.3% during the first quarter. SG Americas Securities LLC now owns 161,580 shares of the company’s stock valued at $9,519,000 after acquiring an additional 145,410 shares during the period. Institutional investors own 77.34% of the company’s stock.
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A number of research firms recently commented on CCL. Credit Suisse Group lowered shares of Carnival Corporation from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $70.00 in a research note on Friday. Zacks Investment Research upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday. BidaskClub upgraded shares of Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. UBS AG reiterated a “buy” rating and set a $76.00 price objective (up previously from $67.00) on shares of Carnival Corporation in a research note on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday, August 15th. Eight equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $63.07.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $67.52, for a total value of $1,012,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.80% of the stock is currently owned by corporate insiders.
Carnival Corporation (NYSE CCL) traded down 4.07% during trading on Friday, reaching $65.94. 10,390,474 shares of the company were exchanged. The firm has a market cap of $47.74 billion, a price-to-earnings ratio of 17.44 and a beta of 0.74. The firm has a 50-day moving average of $67.77 and a 200-day moving average of $63.36. Carnival Corporation has a 52-week low of $45.46 and a 52-week high of $69.89.
Carnival Corporation (NYSE:CCL) last issued its earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Carnival Corporation will post $3.74 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Wednesday, August 23rd. Carnival Corporation’s payout ratio is presently 42.55%.
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.
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