Waters Parkerson & CO. LLC increased its stake in shares of Carnival Corp (NYSE:CCL) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,331 shares of the company’s stock after buying an additional 7,435 shares during the quarter. Carnival accounts for 2.2% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 15th largest holding. Waters Parkerson & CO. LLC’s holdings in Carnival were worth $26,095,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Carnival by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,921,357 shares of the company’s stock valued at $224,733,000 after purchasing an additional 55,116 shares during the period. FNY Investment Advisers LLC bought a new position in Carnival in the 2nd quarter valued at $463,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Carnival by 26.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,543,337 shares of the company’s stock valued at $88,449,000 after purchasing an additional 319,161 shares during the period. Tributary Capital Management LLC bought a new position in Carnival in the 2nd quarter valued at $1,744,000. Finally, Rockefeller Capital Management L.P. grew its stake in Carnival by 6.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 804,161 shares of the company’s stock valued at $46,086,000 after purchasing an additional 48,690 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.
CCL stock opened at $61.20 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.24 and a debt-to-equity ratio of 0.34. The firm has a market cap of $32.63 billion, a PE ratio of 16.02, a PEG ratio of 0.97 and a beta of 0.87. Carnival Corp has a fifty-two week low of $56.45 and a fifty-two week high of $72.70.
Carnival (NYSE:CCL) last posted its quarterly earnings results on Monday, June 25th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.09. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.32 billion. Carnival had a return on equity of 12.31% and a net margin of 15.40%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 EPS. equities analysts forecast that Carnival Corp will post 4.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 24th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. Carnival’s payout ratio is 52.36%.
CCL has been the subject of a number of recent analyst reports. Buckingham Research reduced their price objective on Carnival from $84.00 to $83.00 and set a “buy” rating for the company in a research note on Friday, May 25th. Zacks Investment Research downgraded Carnival from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. Tigress Financial restated a “buy” rating on shares of Carnival in a research note on Friday, June 8th. ValuEngine downgraded Carnival from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Finally, Argus downgraded Carnival from a “buy” rating to a “hold” rating in a research note on Friday, July 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $74.44.
Carnival Company Profile
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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