Delphi Management Inc. MA Decreases Position in Carnival Corporation (CCL)
Delphi Management Inc. MA cut its position in shares of Carnival Corporation (NYSE:CCL) by 15.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,797 shares of the company’s stock after selling 6,637 shares during the quarter. Delphi Management Inc. MA’s holdings in Carnival Corporation were worth $2,347,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Pathstone Family Office LLC grew its holdings in shares of Carnival Corporation by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after buying an additional 38 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Carnival Corporation by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after buying an additional 40 shares in the last quarter. Cleararc Capital Inc. grew its holdings in shares of Carnival Corporation by 0.6% during the first quarter. Cleararc Capital Inc. now owns 10,237 shares of the company’s stock worth $603,000 after buying an additional 63 shares in the last quarter. Security National Bank of Sioux City Iowa IA grew its holdings in shares of Carnival Corporation by 0.5% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock worth $878,000 after buying an additional 65 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of Carnival Corporation by 0.4% during the second quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock worth $1,089,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.
CCL has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $68.00 price objective on shares of Carnival Corporation in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $57.00 price objective (up from $55.00) on shares of Carnival Corporation in a report on Tuesday, June 20th. Instinet increased their price objective on Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, June 23rd. Deutsche Bank AG reiterated a “hold” rating and set a $62.00 price objective (up from $58.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Finally, Wedbush reiterated a “neutral” rating and set a $66.00 price objective (up from $61.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Nine analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Carnival Corporation has an average rating of “Buy” and an average target price of $65.60.
Carnival Corporation (NYSE CCL) traded up 0.15% during mid-day trading on Wednesday, hitting $67.18. The stock had a trading volume of 983,917 shares. Carnival Corporation has a 1-year low of $45.92 and a 1-year high of $69.89. The stock has a market cap of $36.00 billion, a PE ratio of 18.27 and a beta of 0.71. The firm’s 50-day moving average price is $66.40 and its 200-day moving average price is $64.43.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the company posted $1.92 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts expect that Carnival Corporation will post $3.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a $0.40 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.39%. Carnival Corporation’s payout ratio is presently 43.72%.
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In other news, insider Alan Buckelew sold 15,000 shares of the business’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 value 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 Securities & Exchange Commission, which is available through this link. 23.80% of the stock is owned by insiders.
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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