Carnival Corp (CCL) Shares Bought by First Trust Advisors LP
First Trust Advisors LP boosted its stake in shares of Carnival Corp (NYSE:CCL) by 84.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 320,494 shares of the company’s stock after buying an additional 146,272 shares during the period. First Trust Advisors LP’s holdings in Carnival were worth $18,368,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in CCL. CNB Bank raised its holdings in Carnival by 448.6% during the 1st quarter. CNB Bank now owns 1,942 shares of the company’s stock worth $127,000 after buying an additional 1,588 shares during the period. Private Capital Group LLC raised its holdings in Carnival by 2,911.6% during the 1st quarter. Private Capital Group LLC now owns 2,078 shares of the company’s stock worth $136,000 after buying an additional 2,009 shares during the period. Signaturefd LLC acquired a new stake in Carnival during the 1st quarter worth approximately $180,000. Jump Trading LLC acquired a new stake in Carnival during the 1st quarter worth approximately $218,000. Finally, Hilltop Holdings Inc. acquired a new stake in Carnival during the 1st quarter worth approximately $226,000. Hedge funds and other institutional investors own 78.41% of the company’s stock.
In related news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 132,648 shares of the company’s stock, valued at $8,344,885.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.80% of the stock is currently owned by company insiders.
Carnival (NYSE:CCL) last posted its quarterly earnings data on Monday, June 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. analysts predict that Carnival Corp will post 4.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 24th will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. Carnival’s dividend payout ratio is presently 52.36%.
CCL has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on shares of Carnival from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Berenberg Bank upgraded shares of Carnival from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Zacks Investment Research downgraded shares of Carnival from a “buy” rating to a “hold” rating in a report on Friday, May 25th. Buckingham Research lowered their price objective on shares of Carnival from $84.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, May 25th. Finally, Credit Suisse Group set a $82.00 price objective on shares of Carnival and gave the company a “buy” rating in a report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $74.44.
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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