OMERS ADMINISTRATION Corp Takes Position in Carnival Corporation (CCL)
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%.
TRADEMARK VIOLATION NOTICE: “OMERS ADMINISTRATION Corp Takes Position in Carnival Corporation (CCL)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.watchlistnews.com/omers-administration-corp-takes-position-in-carnival-corporation-ccl/1535830.html.
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.
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL).
Receive News & Ratings for Carnival Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.