LPL Financial LLC lessened its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 714,313 shares of the company's stock after selling 16,231 shares during the quarter. LPL Financial LLC owned about 0.06% of Carnival worth $13,951,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CCL. Graybill Wealth Management LTD. purchased a new position in shares of Carnival in the first quarter worth about $26,000. Measured Risk Portfolios Inc. purchased a new position in Carnival in the fourth quarter valued at $29,000. Orion Capital Management LLC acquired a new position in shares of Carnival in the fourth quarter worth about $30,000. Dunhill Financial LLC boosted its stake in shares of Carnival by 1,125.0% during the 1st quarter. Dunhill Financial LLC now owns 1,862 shares of the company's stock worth $36,000 after acquiring an additional 1,710 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of Carnival during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 67.19% of the company's stock.
Carnival Price Performance
Shares of CCL stock traded down $0.64 during trading hours on Friday, reaching $28.37. The company had a trading volume of 18,048,954 shares, compared to its average volume of 24,153,840. Carnival Corporation has a 12-month low of $14.49 and a 12-month high of $31.01. The company has a market capitalization of $33.12 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 0.65 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The stock has a fifty day moving average of $27.23 and a 200-day moving average of $23.69.
Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The business had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the firm earned $0.11 EPS. The company's quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on CCL shares. Morgan Stanley boosted their price objective on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. TD Cowen assumed coverage on shares of Carnival in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Susquehanna increased their price objective on shares of Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Finally, Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.71.
View Our Latest Analysis on CCL
Insiders Place Their Bets
In other news, Director Sir Jonathon Band sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the sale, the director owned 64,406 shares in the company, valued at $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.60% of the stock is owned by insiders.
About Carnival
(
Free Report)
Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.
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