Federated Investors Inc. PA Raises Position in Carnival Corporation (CCL)
Federated Investors Inc. PA increased its stake in shares of Carnival Corporation (NYSE:CCL) by 49.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,169 shares of the company’s stock after buying an additional 2,700 shares during the period. Federated Investors Inc. PA’s holdings in Carnival Corporation were worth $536,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC lifted its position in Carnival Corporation by 4.0% during the 1st quarter. Teachers Advisors LLC now owns 1,313,131 shares of the company’s stock worth $77,357,000 after buying an additional 50,283 shares in the last quarter. Peak Capital Management LLC acquired a new position in Carnival Corporation during the 2nd quarter worth about $495,000. BB&T Securities LLC lifted its position in Carnival Corporation by 41.3% during the 2nd quarter. BB&T Securities LLC now owns 11,300 shares of the company’s stock worth $741,000 after buying an additional 3,300 shares in the last quarter. SG Americas Securities LLC lifted its position in Carnival Corporation by 899.3% during the 1st quarter. SG Americas Securities LLC now owns 161,580 shares of the company’s stock worth $9,519,000 after buying an additional 145,410 shares in the last quarter. Finally, Chartwell Investment Partners LLC lifted its position in Carnival Corporation by 11.7% during the 1st quarter. Chartwell Investment Partners LLC now owns 314,190 shares of the company’s stock worth $18,509,000 after buying an additional 32,827 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.
Shares of Carnival Corporation (CCL) opened at 64.48 on Thursday. The stock has a 50 day moving average price of $67.69 and a 200-day moving average price of $63.59. Carnival Corporation has a 52 week low of $45.46 and a 52 week high of $69.89. The company has a market capitalization of $46.68 billion, a PE ratio of 17.05 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. Equities research analysts expect that Carnival Corporation will post $3.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is currently 42.55%.
In related news, insider Alan Buckelew sold 15,000 shares of Carnival Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $67.02, for a total value of $1,005,300.00. Following the transaction, the insider now directly owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.80% of the stock is owned by insiders.
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Several research analysts recently issued reports on CCL shares. HSBC Holdings plc reiterated a “buy” rating and set a $71.00 price target (up previously from $65.00) on shares of Carnival Corporation in a research report on Monday, June 26th. Wedbush reiterated a “neutral” rating and set a $66.00 price target (up previously from $61.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. Wolfe Research upgraded shares of Carnival Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Tuesday, August 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $74.00 price target (up previously from $69.00) on shares of Carnival Corporation in a research report on Saturday, June 3rd. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.07.
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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