United Capital Financial Advisers LLC lowered its position in shares of Carnival Corp (NYSE:CCL) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,357 shares of the company’s stock after selling 1,505 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Carnival were worth $1,832,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Profund Advisors LLC boosted its position in shares of Carnival by 24.5% during the 2nd quarter. Profund Advisors LLC now owns 13,088 shares of the company’s stock worth $609,000 after purchasing an additional 2,576 shares in the last quarter. M.D. Sass Investors Services Inc. bought a new position in shares of Carnival during the 2nd quarter worth about $8,279,000. Bank of Nova Scotia boosted its position in shares of Carnival by 7.2% during the 2nd quarter. Bank of Nova Scotia now owns 156,710 shares of the company’s stock worth $7,295,000 after purchasing an additional 10,483 shares in the last quarter. Everett Harris & Co. CA boosted its position in shares of Carnival by 40.9% during the 2nd quarter. Everett Harris & Co. CA now owns 159,625 shares of the company’s stock worth $7,431,000 after purchasing an additional 46,350 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Carnival by 34.4% during the 2nd quarter. APG Asset Management N.V. now owns 2,960,094 shares of the company’s stock worth $120,998,000 after purchasing an additional 757,188 shares in the last quarter. 75.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of CCL traded down $0.25 on Thursday, reaching $48.59. The company’s stock had a trading volume of 1,763,255 shares, compared to its average volume of 3,768,493. The company has a current ratio of 0.27, a quick ratio of 0.22 and a debt-to-equity ratio of 0.38. Carnival Corp has a twelve month low of $42.42 and a twelve month high of $67.69. The stock has a market capitalization of $25.78 billion, a PE ratio of 11.40, a PEG ratio of 1.17 and a beta of 1.09. The firm has a fifty day moving average of $45.83 and a 200-day moving average of $50.27.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.12%. Carnival’s dividend payout ratio is presently 46.95%.
A number of equities analysts have recently issued reports on CCL shares. Berenberg Bank cut shares of Carnival from a “buy” rating to a “hold” rating and cut their price objective for the stock from $60.00 to $48.00 in a research report on Monday, July 1st. William Blair cut shares of Carnival from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 20th. Wedbush cut their price objective on shares of Carnival from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Deutsche Bank cut their price objective on shares of Carnival from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Finally, Stifel Nicolaus increased their price objective on shares of Carnival from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $60.39.
In other news, Director Randall J. Weisenburger acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average price of $46.50 per share, for a total transaction of $930,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Arnold W. Donald acquired 22,050 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average price of $45.23 per share, with a total value of $997,321.50. The disclosure for this purchase can be found here. Company insiders own 24.10% of the company’s stock.
Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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