Oppenheimer Asset Management Inc. lessened its holdings in shares of Carnival Corporation (NYSE:CCL) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,209 shares of the company’s stock after selling 470 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Carnival Corporation were worth $276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Carnival Corporation by 4.0% during the 1st 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 last quarter. Prudential Financial Inc. boosted its position in shares of Carnival Corporation by 4.3% during the 2nd 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 last quarter. Covenant Multifamily Offices LLC boosted its position in shares of Carnival Corporation by 2.4% during the 2nd 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 last quarter. Peak Capital Management LLC bought a new stake in shares of Carnival Corporation during the 2nd quarter valued at about $495,000. Finally, Homrich & Berg bought a new stake in shares of Carnival Corporation during the 2nd quarter valued at about $272,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

A number of analysts recently weighed in on CCL shares. Instinet boosted their target price on Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, June 23rd. UBS AG restated a “buy” rating and issued a $76.00 target price (up previously from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Bank of America Corporation restated a “buy” rating and issued a $73.20 target price on shares of Carnival Corporation in a research report on Monday, July 24th. BidaskClub downgraded Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $63.07.

In related news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.80% of the stock is currently owned by company insiders.

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Carnival Corporation (NYSE:CCL) opened at 65.19 on Tuesday. The stock’s 50 day moving average price is $67.73 and its 200 day moving average price is $63.52. Carnival Corporation has a 1-year low of $45.46 and a 1-year high of $69.89. The stock has a market capitalization of $47.20 billion, a PE ratio of 17.24 and a beta of 0.74.

Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Carnival Corporation will post $3.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is currently 42.55%.

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

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