Teacher Retirement System of Texas increased its stake in Carnival Corporation (NYSE:CCL) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 788,633 shares of the company’s stock after buying an additional 43,606 shares during the period. Teacher Retirement System of Texas’ holdings in Carnival Corporation were worth $51,711,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CCL. Dubuque Bank & Trust Co. bought a new position in Carnival Corporation during the first quarter valued at about $106,000. Point72 Asia Hong Kong Ltd bought a new position in Carnival Corporation during the first quarter valued at about $138,000. Harbour Capital Advisors LLC bought a new position in Carnival Corporation during the first quarter valued at about $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. 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 valued at $171,000 after buying an additional 1,368 shares during the last quarter. Institutional investors and hedge funds own 78.82% of the company’s stock.

Shares of Carnival Corporation (NYSE CCL) opened at 67.38 on Friday. The company has a market capitalization of $48.78 billion, a price-to-earnings ratio of 17.82 and a beta of 0.75. Carnival Corporation has a 52-week low of $44.11 and a 52-week high of $68.87. The company’s 50 day moving average price is $66.57 and its 200 day moving average price is $61.19.

Carnival Corporation (NYSE:CCL) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Carnival Corporation’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Carnival Corporation will post $3.74 EPS for the current 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 paid a $0.40 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a yield of 2.37%. Carnival Corporation’s dividend payout ratio (DPR) is currently 42.55%.

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Several equities analysts recently issued reports on CCL shares. HSBC Holdings plc restated a “buy” rating and set a $71.00 price target (up from $65.00) on shares of Carnival Corporation in a research report on Monday, June 26th. ValuEngine upgraded Carnival Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and set a $68.00 price target on shares of Carnival Corporation in a research report on Friday, June 16th. Instinet raised their price target on Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, June 23rd. Finally, UBS AG restated a “buy” rating and set a $67.00 price target on shares of Carnival Corporation in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus 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 that occurred 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 transaction, the insider now owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.80% of the stock is owned by corporate 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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