BlueMountain Capital Management LLC lifted its holdings in Carnival Corporation (NYSE:CCL) by 123.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,240 shares of the company’s stock after buying an additional 10,081 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Carnival Corporation were worth $1,196,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Carnival Corporation in the second quarter worth approximately $289,000. Almanack Investment Partners LLC. purchased a new stake in shares of Carnival Corporation in the second quarter worth approximately $117,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Carnival Corporation in the first quarter worth approximately $138,000. Harbour Capital Advisors LLC purchased a new stake in shares of Carnival Corporation in the first quarter worth approximately $147,000. Finally, Bessemer Group Inc. raised its holdings in shares of Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.
In other news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the sale, the insider now 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 can be accessed through this hyperlink. 23.80% of the stock is currently owned by corporate insiders.
Shares of Carnival Corporation (CCL) opened at 65.22 on Wednesday. Carnival Corporation has a 12 month low of $45.46 and a 12 month high of $69.89. The company has a market cap of $47.22 billion, a PE ratio of 17.25 and a beta of 0.74. The firm’s 50-day moving average price is $67.69 and its 200 day moving average price is $63.59.
Carnival Corporation (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Carnival Corporation will post $3.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is currently 42.55%.
Several equities research analysts have recently weighed in on CCL shares. Instinet increased their price target on Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, June 23rd. UBS AG reiterated a “buy” rating and issued a $76.00 price target (up from $67.00) on shares of Carnival Corporation in a report on Thursday, August 17th. Bank of America Corporation reiterated a “buy” rating and issued a $73.20 price target on shares of Carnival Corporation in a report on Monday, July 24th. BidaskClub downgraded Carnival Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded Carnival Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Eight investment 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. Carnival Corporation currently has an average rating of “Buy” and a consensus price target of $63.07.
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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