Sigma Planning Corp increased its position in shares of Carnival Corp (NYSE:CCL) by 22.4% in the second quarter, Holdings Channel.com reports. The firm owned 9,683 shares of the company’s stock after purchasing an additional 1,773 shares during the quarter. Sigma Planning Corp’s holdings in Carnival were worth $451,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its holdings in shares of Carnival by 10.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 198,559 shares of the company’s stock valued at $9,243,000 after purchasing an additional 18,310 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of Carnival by 3.3% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 21,209 shares of the company’s stock valued at $987,000 after purchasing an additional 670 shares in the last quarter. Forte Capital LLC ADV raised its holdings in shares of Carnival by 23.5% in the 2nd quarter. Forte Capital LLC ADV now owns 20,924 shares of the company’s stock valued at $974,000 after purchasing an additional 3,984 shares in the last quarter. Carillon Tower Advisers Inc. raised its holdings in shares of Carnival by 13.7% in the 1st quarter. Carillon Tower Advisers Inc. now owns 380,805 shares of the company’s stock valued at $19,314,000 after purchasing an additional 45,996 shares in the last quarter. Finally, Hanson McClain Inc. raised its holdings in shares of Carnival by 20.2% in the 1st quarter. Hanson McClain Inc. now owns 1,711 shares of the company’s stock valued at $87,000 after purchasing an additional 287 shares in the last quarter. 73.00% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. Wedbush reduced their price target on shares of Carnival from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Berenberg Bank downgraded 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. Nomura downgraded shares of Carnival from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $60.00 to $52.00 in a research report on Thursday, June 20th. 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, ValuEngine raised shares of Carnival from a “strong sell” rating to a “sell” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.26.

In related news, Director Randall J. Weisenburger bought 20,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were bought at an average price of $46.50 per share, with a total value of $930,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Arnold W. Donald bought 22,050 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of $45.23 per share, for a total transaction of $997,321.50. The disclosure for this purchase can be found here. 24.10% of the stock is currently owned by insiders.

Shares of Carnival stock traded up $0.43 on Wednesday, reaching $45.78. The stock had a trading volume of 40,001 shares, compared to its average volume of 3,880,386. The stock has a market capitalization of $23.90 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.07 and a beta of 1.08. Carnival Corp has a 1 year low of $43.97 and a 1 year high of $67.69. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $46.03 and a 200 day moving average price of $51.92.

Carnival (NYSE:CCL) last released its earnings results on Thursday, June 20th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.49 billion. Carnival had a net margin of 15.09% and a return on equity of 12.15%. Carnival’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. On average, analysts forecast that Carnival Corp will post 4.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.37%. The ex-dividend date is Thursday, August 22nd. Carnival’s dividend payout ratio is presently 46.95%.

Carnival Profile

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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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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