First Capital Advisors Group LLC. decreased its position in Carnival Corporation (NYSE:CCL) by 13.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,189 shares of the company’s stock after selling 1,772 shares during the period. First Capital Advisors Group LLC.’s holdings in Carnival Corporation were worth $734,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Dubuque Bank & Trust Co. purchased a new stake in shares of Carnival Corporation during the first quarter worth approximately $106,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Carnival Corporation during the first quarter worth approximately $138,000. Harbour Capital Advisors LLC purchased a new stake in shares of Carnival Corporation during the first quarter worth approximately $147,000. Parallel Advisors LLC boosted 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 worth $167,000 after buying an additional 1,251 shares during the last quarter. Finally, Bessemer Group Inc. boosted 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 worth $171,000 after buying an additional 1,368 shares during the last quarter. 78.82% of the stock is currently owned by institutional investors and hedge funds.

Carnival Corporation (NYSE CCL) opened at 67.38 on Friday. Carnival Corporation has a 12-month low of $44.11 and a 12-month high of $68.87. The stock’s 50 day moving average price is $66.57 and its 200 day moving average price is $61.19. The stock has a market cap of $48.78 billion, a price-to-earnings ratio of 17.82 and a beta of 0.75.

Carnival Corporation (NYSE:CCL) last posted its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. Carnival Corporation’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Analysts forecast that Carnival Corporation will post $3.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio (DPR) is 42.55%.

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CCL has been the topic of a number of analyst reports. HSBC Holdings plc reaffirmed a “buy” rating and set a $71.00 price objective (up previously from $65.00) on shares of Carnival Corporation in a research note on Monday, June 26th. ValuEngine raised shares of Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Carnival Corporation in a research note on Friday, June 16th. Instinet raised their price objective on shares of Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, June 23rd. Finally, UBS AG reissued a “buy” rating and issued a $67.00 price target on shares of Carnival Corporation in a research note on Monday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the stock. Carnival Corporation presently has an average rating of “Buy” and an average target price of $62.06.

In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was 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 $10,110,637.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.80% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

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