Perpetual Ltd Invests $924,000 in Carnival Corporation (CCL) Stock
Perpetual Ltd acquired a new stake in Carnival Corporation (NYSE:CCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,091 shares of the company’s stock, valued at approximately $924,000.
A number of other hedge funds have also recently made changes to their positions in the business. Lord Abbett & CO. LLC lifted its holdings in Carnival Corporation by 12.4% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,130,404 shares of the company’s stock valued at $74,121,000 after purchasing an additional 124,639 shares in the last quarter. USA Financial Portformulas Corp purchased a new position in Carnival Corporation in the 2nd quarter valued at $4,302,000. Toronto Dominion Bank lifted its holdings in Carnival Corporation by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 140,931 shares of the company’s stock valued at $9,239,000 after purchasing an additional 28,895 shares in the last quarter. Cetera Investment Advisers purchased a new position in Carnival Corporation in the 2nd quarter valued at $335,000. Finally, Advisory Services Network LLC lifted its holdings in Carnival Corporation by 19.2% in the 2nd quarter. Advisory Services Network LLC now owns 21,728 shares of the company’s stock valued at $1,425,000 after purchasing an additional 3,495 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.
Shares of Carnival Corporation (CCL) traded down 2.172% during mid-day trading on Thursday, reaching $65.995. 1,509,770 shares of the company traded hands. The company’s 50 day moving average is $66.31 and its 200 day moving average is $64.76. The stock has a market capitalization of $47.58 billion, a price-to-earnings ratio of 17.948 and a beta of 0.71. Carnival Corporation has a 52-week low of $46.11 and a 52-week high of $69.89.
Carnival Corporation (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The firm had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the prior year, the business posted $1.92 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that Carnival Corporation will post $3.69 earnings per share for the current year.
A number of brokerages have weighed in on CCL. Zacks Investment Research upgraded Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Wednesday, July 12th. UBS AG restated a “buy” rating and issued a $76.00 price objective (up previously from $67.00) on shares of Carnival Corporation in a report on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and issued a $74.00 price objective (up previously from $68.00) on shares of Carnival Corporation in a report on Friday, June 23rd. BidaskClub upgraded Carnival Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Carnival Corporation in a report on Thursday, September 28th. Nine equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Carnival Corporation presently has an average rating of “Buy” and a consensus target price of $65.60.
In related news, CEO Arnold W. Donald sold 90,903 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $67.41, for a total transaction of $6,127,771.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alan Buckelew sold 15,000 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $67.52, for a total value of $1,012,800.00. The disclosure for this sale can be found here. Insiders have sold 120,903 shares of company stock worth $8,145,871 over the last quarter. 23.80% of the stock is currently owned by company insiders.
Carnival Corporation Profile
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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