Carnival Corp (NYSE:CCL) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 16,152,200 shares, a growth of 7.6% from the May 30th total of 15,017,300 shares. Based on an average daily volume of 4,200,000 shares, the short-interest ratio is currently 3.8 days. Currently, 3.7% of the company’s shares are sold short.

In related news, Director Randall J. Weisenburger bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were bought at an average price of $46.50 per share, for a total transaction of $930,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Arnold W. Donald bought 22,050 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average price of $45.23 per share, for a total transaction of $997,321.50. The disclosure for this purchase can be found here. 24.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen Asset Management LLC lifted its holdings in Carnival by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 34,308 shares of the company’s stock valued at $1,691,000 after purchasing an additional 179 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of Carnival by 13.9% in the first quarter. Avestar Capital LLC now owns 1,609 shares of the company’s stock worth $77,000 after buying an additional 196 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Carnival by 9.7% in the first quarter. Manchester Capital Management LLC now owns 2,265 shares of the company’s stock worth $115,000 after buying an additional 200 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Carnival by 0.3% in the first quarter. Commonwealth Bank of Australia now owns 71,898 shares of the company’s stock worth $3,639,000 after buying an additional 200 shares in the last quarter. Finally, Tealwood Asset Management Inc. lifted its holdings in shares of Carnival by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 54,965 shares of the company’s stock worth $2,788,000 after buying an additional 219 shares in the last quarter. Institutional investors own 74.89% of the company’s stock.

CCL opened at $46.45 on Wednesday. The company has a market capitalization of $24.74 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.10 and a beta of 1.09. The firm’s 50-day moving average is $49.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.22 and a current ratio of 0.27. Carnival has a fifty-two week low of $44.76 and a fifty-two week high of $67.69.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Thursday, June 20th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.49 billion. Carnival had a net margin of 15.09% and a return on equity of 12.15%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Equities analysts predict that Carnival will post 4.34 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $2.00 annualized dividend and a yield of 4.31%. Carnival’s payout ratio is currently 46.95%.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. SunTrust Banks dropped their target price on shares of Carnival to $65.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Wells Fargo & Co dropped their target price on shares of Carnival from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Finally, Deutsche Bank reiterated a “buy” rating and set a GBX 430 ($5.62) target price on shares of in a research report on Friday, June 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Carnival has a consensus rating of “Hold” and an average target price of $61.83.

Carnival Company Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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