Captrust Financial Advisors lifted its position in shares of Carnival Corp (NYSE:CCL) by 7.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,380 shares of the company’s stock after buying an additional 1,100 shares during the quarter. Captrust Financial Advisors’ holdings in Carnival were worth $939,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CCL. Thrivent Financial for Lutherans raised its stake in shares of Carnival by 9,491.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 1,782,658 shares of the company’s stock worth $116,907,000 after buying an additional 1,764,072 shares during the last quarter. BlackRock Inc. raised its stake in shares of Carnival by 5.5% during the 1st quarter. BlackRock Inc. now owns 31,448,549 shares of the company’s stock worth $2,062,397,000 after buying an additional 1,644,059 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Carnival by 15.6% during the 1st quarter. OppenheimerFunds Inc. now owns 9,178,493 shares of the company’s stock worth $601,926,000 after buying an additional 1,236,840 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new position in shares of Carnival during the 2nd quarter worth $48,378,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Carnival during the 1st quarter worth $49,544,000. 75.71% of the stock is owned by institutional investors and hedge funds.
CCL opened at $61.20 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.24 and a quick ratio of 0.20. The stock has a market capitalization of $32.63 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. Carnival Corp has a 12 month low of $56.45 and a 12 month high of $72.70.
Carnival (NYSE:CCL) last posted its quarterly earnings results on Monday, June 25th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.59 by $0.09. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Carnival had a return on equity of 12.31% and a net margin of 15.40%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. sell-side analysts forecast that Carnival Corp will post 4.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, August 23rd. Carnival’s dividend payout ratio (DPR) is 52.36%.
A number of analysts recently commented on CCL shares. Zacks Investment Research upgraded Carnival from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, May 22nd. Buckingham Research dropped their price objective on Carnival from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, May 25th. ValuEngine cut Carnival from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Tigress Financial reiterated a “buy” rating on shares of Carnival in a research report on Friday, June 8th. Finally, Stifel Nicolaus lifted their price objective on Carnival from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $74.44.
Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.
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