Carnival Corporation (CCL) Shares Sold by D.A. Davidson & CO.
D.A. Davidson & CO. reduced its stake in Carnival Corporation (NYSE:CCL) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,880 shares of the company’s stock after selling 104 shares during the period. D.A. Davidson & CO.’s holdings in Carnival Corporation were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Almanack Investment Partners LLC. acquired a new position in shares of Carnival Corporation during the second quarter valued at approximately $117,000. Point72 Asia Hong Kong Ltd bought a new stake in Carnival Corporation during the first quarter worth approximately $138,000. Harbour Capital Advisors LLC bought a new stake in Carnival Corporation during the first quarter worth approximately $147,000. Parallel Advisors LLC raised its position in Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock worth $167,000 after acquiring an additional 1,251 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after acquiring an additional 1,368 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the transaction, the insider now owns 150,860 shares in the company, valued at approximately $10,110,637.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 23.80% of the stock is currently owned by corporate insiders.
Carnival Corporation (NYSE:CCL) opened at 64.57 on Monday. Carnival Corporation has a 12 month low of $45.80 and a 12 month high of $69.89. The firm has a 50-day moving average price of $67.69 and a 200 day moving average price of $63.59. The firm has a market capitalization of $46.55 billion, a price-to-earnings ratio of 17.56 and a beta of 0.71.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $1.92 earnings per share. On average, equities analysts forecast that Carnival Corporation will post $3.70 EPS 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Wednesday, August 23rd. Carnival Corporation’s payout ratio is presently 43.72%.
Several research firms have issued reports on CCL. Stifel Nicolaus restated a “buy” rating and issued a $68.00 price target on shares of Carnival Corporation in a research report on Friday, June 16th. Instinet increased their price objective on Carnival Corporation from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, June 23rd. Bank of America Corporation reissued a “buy” rating and set a $73.20 price objective on shares of Carnival Corporation in a research note on Monday, July 24th. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Wednesday, July 12th. Finally, HSBC Holdings plc restated a “buy” rating and issued a $71.00 target price (up from $65.00) on shares of Carnival Corporation in a report on Monday, June 26th. Ten analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Carnival Corporation currently has an average rating of “Buy” and a consensus target price of $65.07.
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.
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