The World Asset Management Inc Increases Stake in Carnival Corp (CCL)

The World Asset Management Inc Increases Stake in Carnival Corp (CCL)

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Carnival Corp during the third quarter worth about $612,000. NCM Capital Management Group Inc. increased its stake in Carnival Corp by 9.9% in the third quarter. NCM Capital Management Group Inc. now owns 2,775 shares of the company’s stock worth $135,000 after buying an additional 250 shares during the period. Sei Investments Co. increased its stake in Carnival Corp by 21.4% in the third quarter. Sei Investments Co. now owns 1,002,291 shares of the company’s stock worth $48,932,000 after buying an additional 176,791 shares during the period. Granite Investment Advisors Inc. increased its stake in Carnival Corp by 0.5% in the third quarter. Granite Investment Advisors Inc. now owns 109,550 shares of the company’s stock worth $5,348,000 after buying an additional 560 shares during the period. Finally, Advisors Capital Management LLC increased its stake in Carnival Corp by 0.3% in the third quarter. Advisors Capital Management LLC now owns 192,958 shares of the company’s stock worth $9,420,000 after buying an additional 632 shares during the period. 79.45% of the stock is owned by institutional investors and hedge funds.

World Asset Management Inc raised its stake in shares of Carnival Corp (NYSE:CCL) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,892 shares of the company’s stock after buying an additional 3,703 shares during the period. World Asset Management Inc’s holdings in Carnival Corp were worth $2,586,000 as of its most recent filing with the SEC.

Shares of Carnival Corp (CCL) opened at 65.47 on Monday. Carnival Corp has a 12-month low of $42.94 and a 12-month high of $66.48. The stock has a 50 day moving average of $61.68 and a 200 day moving average of $56.60. The company has a market cap of $47.53 billion, a price-to-earnings ratio of 16.13 and a beta of 0.73.

Carnival Corp (NYSE:CCL) last issued its earnings results on Tuesday, March 28th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.78 billion. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, equities analysts expect that Carnival Corp will post $3.72 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.40 per share. This is an increase from Carnival Corp’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, May 24th. This represents a $1.60 annualized dividend and a yield of 2.44%. Carnival Corp’s payout ratio is presently 37.43%.

Carnival Corp (NYSE:CCL) last issued its earnings results on Tuesday, March 28th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.78 billion. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, equities analysts expect that Carnival Corp will post $3.72 earnings per share for the current fiscal year. A number of analysts have commented on CCL shares. Stifel Nicolaus boosted their price target on shares of Carnival Corp from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. Instinet boosted their target price on shares of Carnival Corp from $61.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Argus upgraded shares of Carnival Corp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $56.03 to $64.00 in a report on Monday, February 27th. ValuEngine upgraded shares of Carnival Corp from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barclays PLC boosted their price target on shares of Carnival Corp from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Wednesday, March 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently 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 business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $60.98, for a total transaction of $1,217,465.70. Following the sale, the director now directly owns 22,798 shares in the company, valued at $1,390,222.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Glasier sold 6,000 shares of the business’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 sale, the director now owns 26,684 shares in the company, valued at $1,555,410.36. The disclosure for this sale can be found here. 22.00% of the stock is currently owned by insiders. Carnival Corp Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CCL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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