Carnival Corporation (NYSE:CCL) Stake Decreased by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. decreased its stake in Carnival Corporation (NYSE:CCL) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,698 shares of the company’s stock after selling 92 shares during the period. Stratos Wealth Partners LTD.’s holdings in Carnival Corporation were worth $242,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. bought a new stake in shares of Carnival Corporation during the first quarter valued at approximately $106,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Carnival Corporation during the first quarter valued at approximately $138,000. Harbour Capital Advisors LLC bought a new stake in shares of Carnival Corporation during the first quarter valued at approximately $147,000. Parallel Advisors LLC raised its stake in shares of Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock valued at $167,000 after buying an additional 1,251 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after buying an additional 1,368 shares in the last quarter. 78.82% of the stock is owned by institutional investors and hedge funds.
Shares of Carnival Corporation (CCL) opened at 67.38 on Friday. The stock has a 50 day moving average of $66.57 and a 200 day moving average of $61.19. Carnival Corporation has a one year low of $44.11 and a one year high of $68.87. The stock has a market cap of $48.78 billion, a P/E ratio of 17.82 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts expect that Carnival Corporation will post $3.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.37%. Carnival Corporation’s dividend payout ratio (DPR) is presently 42.55%.
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Several brokerages recently commented on CCL. Zacks Investment Research upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Wednesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and set a $62.00 price target (up from $58.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Wedbush reiterated a “neutral” rating and set a $66.00 price target (up from $61.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price target (up from $68.00) on shares of Carnival Corporation in a research note on Friday, June 23rd. Finally, ValuEngine upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $62.06.
In related news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $67.02, for a total value of $1,005,300.00. Following the sale, the insider now owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 23.80% of the stock is owned by company insiders.
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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