Sepio Capital LLC Raises Holdings in Carnival Corp (NYSE:CCL)

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Sepio Capital LLC increased its position in Carnival Corp (NYSE:CCL) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,851 shares of the company’s stock after buying an additional 13,874 shares during the quarter. Sepio Capital LLC’s holdings in Carnival were worth $5,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CCL. BlackRock Inc. raised its position in Carnival by 8.2% in the first quarter. BlackRock Inc. now owns 30,754,347 shares of the company’s stock valued at $1,559,860,000 after purchasing an additional 2,336,518 shares during the period. JPMorgan Chase & Co. raised its position in Carnival by 131.1% in the second quarter. JPMorgan Chase & Co. now owns 2,100,912 shares of the company’s stock valued at $96,473,000 after purchasing an additional 1,191,671 shares during the period. Investec Asset Management LTD raised its position in Carnival by 7,492.0% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the company’s stock valued at $357,000 after purchasing an additional 639,965 shares during the period. Toronto Dominion Bank raised its position in Carnival by 151.3% in the first quarter. Toronto Dominion Bank now owns 642,932 shares of the company’s stock valued at $32,604,000 after purchasing an additional 387,098 shares during the period. Finally, Eagle Asset Management Inc. raised its position in Carnival by 20.0% in the first quarter. Eagle Asset Management Inc. now owns 1,953,374 shares of the company’s stock valued at $99,075,000 after purchasing an additional 325,604 shares during the period. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Carnival stock traded down $0.22 during trading hours on Tuesday, hitting $43.26. 204,000 shares of the company’s stock traded hands, compared to its average volume of 3,654,742. The stock has a 50 day simple moving average of $45.74 and a 200-day simple moving average of $51.50. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. The company has a market cap of $22.91 billion, a PE ratio of 10.15, a PEG ratio of 1.03 and a beta of 1.08. Carnival Corp has a twelve month low of $43.19 and a twelve month high of $67.69.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 4.62%. Carnival’s dividend payout ratio (DPR) is 46.95%.

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

Several research analysts have commented on CCL shares. Berenberg Bank lowered Carnival from a “buy” rating to a “hold” rating and cut their price objective for the company from $60.00 to $48.00 in a research report on Monday, July 1st. Nomura lowered Carnival from a “buy” rating to a “neutral” rating and cut their price objective for the company from $60.00 to $52.00 in a research report on Thursday, June 20th. Wells Fargo & Co cut their price objective on Carnival from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Wedbush cut their price objective on Carnival from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Finally, Barclays lowered Carnival from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $69.00 to $55.00 in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price 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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