Dynamic Technology Lab Private Ltd purchased a new stake in Carnival Corp (NYSE:CCL) during the first quarter, Holdings Channel reports. The firm purchased 44,218 shares of the company’s stock, valued at approximately $2,605,000. Carnival Corp makes up about 0.6% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 2nd largest position.
Several other institutional investors also recently bought and sold shares of CCL. Lodestar Investment Counsel LLC IL raised its position in Carnival Corp by 2.6% in the first quarter. Lodestar Investment Counsel LLC IL now owns 12,050 shares of the company’s stock valued at $710,000 after buying an additional 300 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in Carnival Corp during the first quarter valued at about $525,000. AT Bancorp raised its position in Carnival Corp by 28.3% in the first quarter. AT Bancorp now owns 19,423 shares of the company’s stock valued at $1,144,000 after buying an additional 4,283 shares in the last quarter. Private Wealth Partners LLC raised its position in Carnival Corp by 0.6% in the first quarter. Private Wealth Partners LLC now owns 15,650 shares of the company’s stock valued at $922,000 after buying an additional 100 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Carnival Corp during the first quarter valued at about $276,000. 79.45% of the stock is owned by hedge funds and other institutional investors.
Carnival Corp (NYSE CCL) traded down 0.58% during midday trading on Tuesday, hitting $64.68. 1,227,538 shares of the stock traded hands. The stock has a market cap of $46.96 billion, a PE ratio of 15.94 and a beta of 0.73. Carnival Corp has a 12 month low of $42.94 and a 12 month high of $66.48. The company has a 50-day moving average of $61.77 and a 200-day moving average of $56.79.
Carnival Corp (NYSE:CCL) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Corp will post $3.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.46%. This is a boost from Carnival Corp’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, May 24th. Carnival Corp’s dividend payout ratio (DPR) is presently 37.43%.
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Several equities analysts have recently issued reports on CCL shares. Zacks Investment Research lowered Carnival Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. Wells Fargo & Co raised Carnival Corp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 21st. Argus raised Carnival Corp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $56.03 to $64.00 in a research report on Monday, February 27th. William Blair raised Carnival Corp from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $74.00 price target (up previously from $69.00) on shares of Carnival Corp in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $58.03.
In other news, Director Sir John Parker sold 19,965 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $60.98, for a total value of $1,217,465.70. Following the completion of the transaction, the director now directly owns 22,798 shares in the company, valued at $1,390,222.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard Glasier sold 6,000 shares of the firm’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $58.29, for a total value of $349,740.00. Following the completion of the transaction, the director now owns 26,684 shares of the company’s stock, valued at $1,555,410.36. The disclosure for this sale can be found here. Company insiders own 22.00% of the company’s stock.
About Carnival Corp
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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