Bristol Advisors LLC acquired a new stake in shares of Carnival Corporation (NYSE:CCL) during the second quarter, Holdings Channel reports. The firm acquired 5,600 shares of the company’s stock, valued at approximately $367,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Carnival Corporation by 2,672.9% in the first quarter. BlackRock Inc. now owns 27,919,132 shares of the company’s stock valued at $1,644,716,000 after buying an additional 26,912,293 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Carnival Corporation by 129.9% in the first quarter. Ameriprise Financial Inc. now owns 3,395,780 shares of the company’s stock valued at $201,341,000 after buying an additional 1,918,638 shares in the last quarter. Bank of America Corp DE raised its stake in Carnival Corporation by 6.5% in the first quarter. Bank of America Corp DE now owns 24,838,450 shares of the company’s stock valued at $1,463,234,000 after buying an additional 1,519,630 shares in the last quarter. Vanguard Group Inc. raised its stake in Carnival Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 27,985,243 shares of the company’s stock valued at $1,648,612,000 after buying an additional 1,150,341 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Carnival Corporation by 657.0% in the second quarter. Acadian Asset Management LLC now owns 1,252,031 shares of the company’s stock valued at $82,095,000 after buying an additional 1,086,627 shares in the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.

Shares of Carnival Corporation (NYSE:CCL) opened at 68.71 on Wednesday. Carnival Corporation has a one year low of $44.11 and a one year high of $69.24. The firm has a 50 day moving average price of $66.74 and a 200-day moving average price of $61.55. The firm has a market cap of $49.75 billion, a P/E ratio of 18.17 and a beta of 0.75.

Carnival Corporation (NYSE:CCL) last issued its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts forecast that Carnival Corporation will post $3.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.33%. Carnival Corporation’s payout ratio is currently 42.55%.

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A number of equities analysts have recently weighed in on CCL shares. HSBC Holdings plc reiterated a “buy” rating and set a $71.00 target price (up previously from $65.00) on shares of Carnival Corporation in a research note on Monday, June 26th. Wedbush reiterated a “neutral” rating and set a $66.00 target price (up previously from $61.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Wolfe Research upgraded Carnival Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 25th. Credit Suisse Group reiterated an “outperform” rating and set a $74.00 target price (up previously from $69.00) on shares of Carnival Corporation in a research note on Saturday, June 3rd. Finally, Zacks Investment Research upgraded 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Carnival Corporation presently has an average rating of “Buy” and an average target price of $62.06.

In other news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were 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 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 at the SEC website. Corporate insiders own 23.80% of the company’s stock.

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

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