Nykredit A S Purchases New Stake in Carnival Corporation $CCL

Key Points

• Nykredit A S acquired 285,687 Carnival shares in the second quarter, valued at approximately $8.16 million. Institutional investors collectively own 67.19% of the company.
• Carnival reported quarterly EPS of $0.41, exceeding the $0.34 consensus estimate, while revenue rose 5.3% year over year to $6.66 billion. The company also declared a quarterly dividend of $0.15 per share, representing a 2.7% yield.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $34.42, compared with the stock’s reported price of $22.35.

Nykredit A S acquired a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 285,687 shares of the company's stock, valued at approximately $8,162,000.

A number of other institutional investors have also recently bought and sold shares of CCL. Auto Owners Insurance Co grew its stake in shares of Carnival by 2,954.0% in the 4th quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company's stock valued at $60,625,000 after buying an additional 19,201,000 shares during the period. Pacer Advisors Inc. lifted its position in Carnival by 2,432.8% during the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company's stock valued at $204,311,000 after acquiring an additional 6,425,822 shares during the period. Norges Bank purchased a new position in shares of Carnival in the fourth quarter worth $124,201,000. Milford Funds Ltd. purchased a new stake in Carnival during the fourth quarter valued at approximately $100,741,000. Finally, Amundi raised its holdings in Carnival by 67.3% during the second quarter. Amundi now owns 6,770,304 shares of the company's stock valued at $193,428,000 after acquiring an additional 2,723,171 shares during the period. Institutional investors own 67.19% of the company's stock.

Carnival Stock Up 2.3%

Shares of NYSE:CCL opened at $22.35 on Tuesday. The stock has a market cap of $30.61 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.95 and a beta of 2.31. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The firm has a fifty day moving average price of $25.73 and a 200 day moving average price of $26.49. Carnival Corporation has a 1-year low of $21.81 and a 1-year high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. Carnival's quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts predict that Carnival Corporation will post 2.21 EPS for the current year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.7%. Carnival's dividend payout ratio (DPR) is presently 27.03%.

Analysts Set New Price Targets

CCL has been the topic of a number of analyst reports. Melius Research set a $36.00 target price on Carnival in a research note on Wednesday, June 17th. Argus set a $35.00 price objective on shares of Carnival in a research report on Friday, June 26th. BMO Capital Markets began coverage on Carnival in a research report on Tuesday, July 7th. They issued a "market perform" rating and a $30.00 target price on the stock. Barclays reduced their price target on Carnival from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Wednesday, September 16th. Finally, Tigress Financial increased their target price on shares of Carnival from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.42.

Carnival Company Profile

Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.

The company's brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.