Carnival Corporation (CCL) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Carnival Corporation (NYSE:CCL) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,096 shares of the company’s stock after purchasing an additional 93 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carnival Corporation were worth $1,055,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new stake in Carnival Corporation in the first quarter worth about $138,000. Harbour Capital Advisors LLC purchased a new stake in Carnival Corporation in the first quarter worth about $147,000. Parallel Advisors LLC lifted its stake in Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock worth $167,000 after acquiring an additional 1,251 shares during the period. Bessemer Group Inc. lifted its stake in Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after acquiring an additional 1,368 shares during the period. Finally, Canandaigua National Bank & Trust Co. purchased a new stake in Carnival Corporation in the second quarter worth about $207,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

A number of analysts recently weighed in on CCL shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Carnival Corporation in a research note on Friday, June 16th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $74.00 price objective (up from $69.00) on shares of Carnival Corporation in a research note on Saturday, June 3rd. KeyCorp lowered shares of Carnival Corporation to an “overweight” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, August 1st. Finally, Instinet upped their price objective on shares of Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, June 23rd. Eight analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $63.32.

In other news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the sale, the insider now owns 150,860 shares in the company, valued at $10,110,637.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.80% of the stock is owned by corporate insiders.

Carnival Corporation (CCL) opened at 67.65 on Tuesday. The company has a 50-day moving average of $67.65 and a 200 day moving average of $63.09. Carnival Corporation has a one year low of $45.02 and a one year high of $69.89. The firm has a market cap of $48.98 billion, a P/E ratio of 17.89 and a beta of 0.74.

Carnival Corporation (NYSE:CCL) last released its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio (DPR) is presently 42.55%.

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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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Institutional Ownership by Quarter for Carnival Corporation (NYSE:CCL)

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