Boyer & Corporon Wealth Management LLC grew its position in shares of Carnival Corp (NYSE:CCL) by 5.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 57,400 shares of the company’s stock after buying an additional 2,999 shares during the quarter. Boyer & Corporon Wealth Management LLC’s holdings in Carnival were worth $3,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Zeke Capital Advisors LLC grew its stake in Carnival by 9.5% during the first quarter. Zeke Capital Advisors LLC now owns 9,378 shares of the company’s stock worth $615,000 after buying an additional 810 shares during the last quarter. Regentatlantic Capital LLC grew its stake in Carnival by 1.8% during the second quarter. Regentatlantic Capital LLC now owns 49,377 shares of the company’s stock worth $2,830,000 after buying an additional 857 shares during the last quarter. Private Advisor Group LLC grew its stake in Carnival by 11.7% during the first quarter. Private Advisor Group LLC now owns 8,999 shares of the company’s stock worth $592,000 after buying an additional 939 shares during the last quarter. IFP Advisors Inc grew its stake in Carnival by 7.6% during the second quarter. IFP Advisors Inc now owns 13,520 shares of the company’s stock worth $775,000 after buying an additional 953 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in Carnival by 6.9% during the second quarter. Sigma Planning Corp now owns 14,990 shares of the company’s stock worth $859,000 after buying an additional 968 shares during the last quarter. 78.41% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $62.91, for a total value of $314,550.00. Following the transaction, the chief executive officer now directly owns 132,648 shares in the company, valued at $8,344,885.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.80% of the company’s stock.

Several analysts have weighed in on the stock. Deutsche Bank decreased their price objective on shares of Carnival from $71.00 to $68.00 and set a “hold” rating on the stock in a research note on Tuesday, June 26th. Zacks Investment Research raised shares of Carnival from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, May 22nd. ValuEngine cut shares of Carnival from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Stifel Nicolaus decreased their price target on shares of Carnival from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Tuesday, June 26th. Finally, Tigress Financial reissued a “buy” rating on shares of Carnival in a research note on Friday, June 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $74.44.

CCL opened at $60.58 on Friday. Carnival Corp has a one year low of $56.45 and a one year high of $72.70. The company has a current ratio of 0.24, a quick ratio of 0.20 and a debt-to-equity ratio of 0.34. The company has a market cap of $31.62 billion, a PE ratio of 15.86, a P/E/G ratio of 0.94 and a beta of 0.86.

Carnival (NYSE:CCL) last released its quarterly earnings results on Monday, June 25th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.09. Carnival had a net margin of 15.40% and a return on equity of 12.31%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. Carnival’s revenue was up 10.4% compared to the same quarter last year. equities analysts anticipate that Carnival Corp will post 4.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 24th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $2.00 annualized dividend and a yield of 3.30%. Carnival’s dividend payout ratio is currently 52.36%.

Carnival Profile

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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