McKinley Carter Wealth Services Inc. Has $2.19 Million Holdings in Carnival Corp (NYSE:CCL)

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McKinley Carter Wealth Services Inc. raised its position in Carnival Corp (NYSE:CCL) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,087 shares of the company’s stock after buying an additional 1,406 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Carnival were worth $2,192,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CCL. BlackRock Inc. increased its stake in Carnival by 8.2% in the 1st quarter. BlackRock Inc. now owns 30,754,347 shares of the company’s stock valued at $1,559,860,000 after buying an additional 2,336,518 shares during the last quarter. Investec Asset Management LTD grew its position in shares of Carnival by 7,492.0% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the company’s stock valued at $357,000 after acquiring an additional 639,965 shares during the period. Toronto Dominion Bank grew its position in shares of Carnival by 151.3% during the 1st quarter. Toronto Dominion Bank now owns 642,932 shares of the company’s stock valued at $32,604,000 after acquiring an additional 387,098 shares during the period. Eagle Asset Management Inc. grew its position in shares of Carnival by 20.0% during the 1st quarter. Eagle Asset Management Inc. now owns 1,953,374 shares of the company’s stock valued at $99,075,000 after acquiring an additional 325,604 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Carnival by 8.6% during the 1st quarter. American Century Companies Inc. now owns 4,025,913 shares of the company’s stock valued at $204,194,000 after acquiring an additional 318,308 shares during the period. Hedge funds and other institutional investors own 74.43% of the company’s stock.

CCL traded up $0.63 on Friday, hitting $44.93. The company’s stock had a trading volume of 2,081,700 shares, compared to its average volume of 3,918,487. The company’s 50 day simple moving average is $46.12 and its 200-day simple moving average is $52.08. The firm has a market cap of $23.34 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. Carnival Corp has a 12 month low of $43.97 and a 12 month high of $67.69. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.38.

Carnival (NYSE:CCL) last released its quarterly earnings data on Thursday, June 20th. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.49 billion. Carnival had a net margin of 15.09% and a return on equity of 12.15%. Carnival’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Equities analysts predict that Carnival Corp will post 4.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.45%. The ex-dividend date is Thursday, August 22nd. Carnival’s dividend payout ratio (DPR) is presently 46.95%.

In other news, CEO Arnold W. Donald purchased 22,050 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of $45.23 per share, with a total value of $997,321.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Randall J. Weisenburger purchased 20,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average cost of $46.50 per share, with a total value of $930,000.00. The disclosure for this purchase can be found here. 24.10% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the stock. Nomura downgraded shares of Carnival from a “buy” rating to a “neutral” rating and reduced their target price for the company from $60.00 to $52.00 in a research report on Thursday, June 20th. Barclays downgraded shares of Carnival from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $69.00 to $55.00 in a research report on Friday, June 21st. SunTrust Banks reduced their target price on shares of Carnival to $65.00 and set a “buy” rating for the company in a research report on Friday, June 21st. Zacks Investment Research downgraded shares of Carnival from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Finally, Berenberg Bank downgraded shares of Carnival from a “buy” rating to a “hold” rating and reduced their target price for the company from $60.00 to $48.00 in a research report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $61.26.

Carnival Company Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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