Public Sector Pension investment Board lessened its holdings in shares of Carnival Corporation (NYSE:CCL) by 50.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,294 shares of the company’s stock after selling 47,900 shares during the period. Public Sector Pension investment Board’s holdings in Carnival Corporation were worth $3,101,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in CCL. Almanack Investment Partners LLC. purchased a new position in Carnival Corporation during the 2nd quarter valued at about $117,000. Point72 Asia Hong Kong Ltd purchased a new position in Carnival Corporation during the 1st quarter valued at about $138,000. Harbour Capital Advisors LLC purchased a new position in Carnival Corporation during the 1st quarter valued at about $147,000. Parallel Advisors LLC increased its holdings in Carnival Corporation by 87.9% during the 1st quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock valued at $167,000 after purchasing an additional 1,251 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Carnival Corporation by 109.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after purchasing an additional 1,368 shares during the period. Institutional investors own 77.34% of the company’s stock.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) 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 net margin of 16.48% and a return on equity of 11.26%. Carnival Corporation’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.49%. The ex-dividend date was Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is currently 42.55%.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of Carnival Corporation stock in a transaction on 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 directly 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 is available through the SEC website. 23.80% of the stock is currently owned by insiders.
CCL has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Carnival Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Carnival Corporation in a report on Tuesday, August 15th. Deutsche Bank AG reiterated a “hold” rating and set a $62.00 target price (up previously from $58.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Wedbush reiterated a “neutral” rating and set a $66.00 target price (up previously from $61.00) on shares of Carnival Corporation in a report on Sunday, June 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $74.00 target price (up previously from $68.00) on shares of Carnival Corporation in a report on Friday, June 23rd. Eight equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $62.87.
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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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