Capstone Investment Advisors Netherlands B.V. decreased its position in Carnival Corporation (NYSE:CCL) by 29.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,633 shares of the company’s stock after selling 1,517 shares during the quarter. Capstone Investment Advisors Netherlands B.V.’s holdings in Carnival Corporation were worth $238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Advisors LLC grew its holdings 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 acquiring an additional 50,283 shares during the last quarter. Prudential Financial Inc. grew its holdings in Carnival Corporation by 4.3% during the 2nd quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock worth $43,908,000 after acquiring an additional 27,330 shares during the last quarter. Homrich & Berg bought a new stake in Carnival Corporation during the 2nd quarter worth about $272,000. Covenant Multifamily Offices LLC grew its holdings in Carnival Corporation by 2.4% during the 2nd quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock worth $2,618,000 after acquiring an additional 929 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Carnival Corporation by 14.7% during the 2nd quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock worth $2,265,000 after acquiring an additional 4,422 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Carnival Corporation (NYSE:CCL) traded up 0.31% during mid-day trading on Friday, hitting $64.57. 3,477,523 shares of the company were exchanged. Carnival Corporation has a 12-month low of $45.80 and a 12-month high of $69.89. The company has a market capitalization of $46.75 billion, a price-to-earnings ratio of 17.08 and a beta of 0.74. The firm has a 50 day moving average of $67.69 and a 200 day moving average of $63.59.

Carnival Corporation (NYSE:CCL) last announced its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the business posted $1.92 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that Carnival Corporation will post $3.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 23rd. Carnival Corporation’s payout ratio is presently 43.72%.

CCL has been the topic of a number of research analyst reports. ValuEngine raised shares of Carnival Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Credit Suisse Group reissued an “outperform” rating and set a $74.00 price objective (up previously from $69.00) on shares of Carnival Corporation in a report on Saturday, June 3rd. William Blair reissued an “outperform” rating on shares of Carnival Corporation in a report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating and set a $68.00 price objective on shares of Carnival Corporation in a report on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $57.00 price objective (up previously from $55.00) on shares of Carnival Corporation in a report on Tuesday, June 20th. Ten research 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. The company presently has an average rating of “Buy” and an average target price of $65.07.

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In related news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $67.52, for a total value of $1,012,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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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