Carnival Corporation (CCL) Position Lifted by 361 Capital LLC
361 Capital LLC increased its holdings in Carnival Corporation (NYSE:CCL) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,510 shares of the company’s stock after acquiring an additional 6,546 shares during the quarter. Carnival Corporation makes up 1.3% of 361 Capital LLC’s portfolio, making the stock its 24th biggest position. 361 Capital LLC’s holdings in Carnival Corporation were worth $7,771,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Pathstone Family Office LLC raised its stake in Carnival Corporation by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after buying an additional 38 shares in the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Carnival Corporation during the 2nd quarter worth approximately $289,000. Almanack Investment Partners LLC. acquired a new stake in shares of Carnival Corporation during the 2nd quarter worth approximately $117,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Carnival Corporation during the 1st quarter worth approximately $138,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Carnival Corporation during the 1st quarter worth approximately $147,000. Institutional investors and hedge funds own 77.34% of the company’s stock.
Shares of Carnival Corporation (CCL) traded down 0.12% on Monday, reaching $65.55. 1,066,583 shares of the company’s stock were exchanged. Carnival Corporation has a 12 month low of $45.92 and a 12 month high of $69.89. The firm’s 50-day moving average price is $66.47 and its 200 day moving average price is $64.22. The company has a market cap of $47.26 billion, a price-to-earnings ratio of 17.83 and a beta of 0.71.
Carnival Corporation (NYSE:CCL) last announced its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts predict that Carnival Corporation will post $3.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.44%. Carnival Corporation’s payout ratio is presently 43.72%.
A number of equities analysts recently issued reports on CCL shares. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday, July 12th. UBS AG reaffirmed a “buy” rating and set a $76.00 price target (up from $67.00) on shares of Carnival Corporation in a research note on Thursday, August 17th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival Corporation in a research note on Thursday, September 28th. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price objective (up previously from $68.00) on shares of Carnival Corporation in a research report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $57.00 price objective (up previously from $55.00) on shares of Carnival Corporation in a research report on Tuesday, June 20th. Nine analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Carnival Corporation presently has an average rating of “Buy” and an average target price of $65.60.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction that occurred 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 owns 150,860 shares in the company, valued at approximately $10,110,637.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 23.80% of the company’s stock.
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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