OMERS ADMINISTRATION Corp bought a new stake in shares of Carnival Corporation (NYSE:CCL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,300 shares of the company’s stock, valued at approximately $1,462,000.

Other institutional investors have also bought and sold shares of the company. Point72 Asia Hong Kong Ltd acquired a new position in Carnival Corporation during the first quarter valued at $138,000. Harbour Capital Advisors LLC acquired a new position in Carnival Corporation during the first quarter valued at $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 valued at $167,000 after buying an additional 1,251 shares during the last quarter. 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 valued at $171,000 after buying an additional 1,368 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new position in Carnival Corporation during the first quarter valued at $201,000. Institutional investors and hedge funds own 77.32% of the company’s stock.

Shares of Carnival Corporation (CCL) opened at 69.48 on Friday. The firm has a market capitalization of $50.30 billion, a price-to-earnings ratio of 18.38 and a beta of 0.75. Carnival Corporation has a 52 week low of $44.11 and a 52 week high of $69.55. The stock has a 50 day moving average of $67.58 and a 200-day moving average of $62.55.

Carnival Corporation (NYSE:CCL) last issued its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the 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 net margin of 16.48% and a return on equity of 11.26%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Analysts expect that Carnival Corporation will post $3.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio (DPR) is presently 42.55%.

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CCL has been the topic of several recent research reports. ValuEngine upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Carnival Corporation in a research note on Friday, June 16th. Instinet lifted their price target 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. HSBC Holdings plc reaffirmed a “buy” rating and set a $71.00 price target (up previously from $65.00) on shares of Carnival Corporation in a research note on Monday, June 26th. Finally, Zacks Investment Research raised 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Carnival Corporation presently has an average rating of “Buy” and a consensus price target of $62.59.

In other news, insider Alan Buckelew sold 15,000 shares of the firm’s 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 transaction, the insider now owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.80% of the stock is currently owned by company insiders.

Carnival Corporation Company Profile

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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