National Asset Management Inc. raised its holdings in shares of Carnival Corporation (NYSE:CCL) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,329 shares of the company’s stock after acquiring an additional 420 shares during the period. National Asset Management Inc.’s holdings in Carnival Corporation were worth $284,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Carnival Corporation by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock valued at $1,896,255,000 after acquiring an additional 934,311 shares in the last quarter. BlackRock Inc. raised its stake in Carnival Corporation by 2.0% during the 2nd quarter. BlackRock Inc. now owns 28,469,248 shares of the company’s stock valued at $1,866,728,000 after acquiring an additional 550,116 shares in the last quarter. Bank of America Corp DE raised its stake in Carnival Corporation by 6.5% during the 1st quarter. Bank of America Corp DE now owns 24,838,450 shares of the company’s stock valued at $1,463,234,000 after acquiring an additional 1,519,630 shares in the last quarter. State Street Corp raised its stake in Carnival Corporation by 1.6% during the 1st quarter. State Street Corp now owns 17,999,377 shares of the company’s stock valued at $1,060,346,000 after acquiring an additional 284,607 shares in the last quarter. Finally, Investec Asset Management LTD raised its stake in Carnival Corporation by 6.5% during the 2nd quarter. Investec Asset Management LTD now owns 4,961,591 shares of the company’s stock valued at $325,332,000 after acquiring an additional 303,161 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Carnival Corporation (CCL) traded down 0.54% during trading on Monday, hitting $67.57. The company had a trading volume of 418,447 shares. Carnival Corporation has a 12-month low of $45.92 and a 12-month high of $69.89. The stock has a market cap of $48.72 billion, a PE ratio of 18.38 and a beta of 0.71. The firm has a 50 day moving average of $66.29 and a 200 day moving average of $64.61.

Carnival Corporation (NYSE:CCL) last issued its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 EPS. On average, analysts forecast that Carnival Corporation will post $3.68 earnings per share for the current fiscal year.

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Several brokerages have weighed in on CCL. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Wednesday, July 12th. UBS AG reaffirmed a “buy” rating and set a $76.00 target price (up previously from $67.00) on shares of Carnival Corporation in a research note on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 target price (up previously from $68.00) on shares of Carnival Corporation in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $57.00 target price (up previously from $55.00) on shares of Carnival Corporation in a research note on Tuesday, June 20th. Finally, BidaskClub raised Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Nine investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Carnival Corporation currently has an average rating of “Buy” and a consensus price target of $65.60.

In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $67.52, for a total transaction of $1,012,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.80% of the company’s stock.

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.

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

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