Zacks Investment Research cut Carnival Corp from a "hold" rating to a "sell" rating in a report on Tuesday, February 21st. Current price level places the company's stock about -4.77% from the 52-week high and 23.63% away from the 52-week low.
Carnival Corporation had its " rating reiterated by analysts at Deutsche Bank. Northern Trust Corp raised its position in shares of Carnival Corp by 0.3% in the third quarter. Capital World Investors now owns 3,690,000 shares of the company's stock valued at $180,146,000 after buying an additional 3,400,000 shares during the last quarter. Finally, Investec Asset Management LTD boosted its position in shares of Carnival Corp by 44.5% in the fourth quarter. The stock carved out a 52-week low down at $42.07.
Institutional investors have recently made changes to their positions in the stock.
Shares of Carnival Corporation (NYSE:CUK) traded down 0.04% during midday trading on Tuesday, hitting $55.27. For CCL, the company now has $437 Million of cash on the books, which is offset by $1.3 Billion current liabilities. The firm has a market cap of $42.38 billion, a P/E ratio of 14.38 and a beta of 0.73. The firm's 50 day moving average is $53.34 and its 200 day moving average is $49.84. Carnival Corp also was the target of unusually large options trading on Monday. Hedge funds and other institutional investors own 2.50% of the company's stock. This represents an increase of 343% compared to the typical daily volume of 250 call options.
Shares of Carnival Corp (NYSE:CCL) inclined 1.72% to $58.46.
Currently, EPS of Carnival Corporation (CCL) is 0.38 while the analysts predicted the EPS of the stock to be 0.35 suggesting the company fell short of the analysts' expectations. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.78 billion. The company's revenue was up 3.8% on a year-over-year basis. The business's revenue for the quarter was up 3.8% compared to the same quarter a year ago. Carnival Corp also updated its Q2 guidance to $0.43-0.47 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, February 24th will be given a dividend of $0.35 per share.
On 7/18/2013 Carnival Corp announced a quarterly dividend of $0.25 2.73% with an ex dividend date of 8/21/2013 which will be payable on 9/13/2013.
On 1/17/2013 Carnival Corp announced a quarterly dividend of $0.25 2.6% with an ex dividend date of 2/20/2013 which will be payable on 3/15/2013. The ex-dividend date is Wednesday, May 24th. If you are reading this report on another website, it was copied illegally and republished in violation of US & worldwide copyright & trademark legislation. If you are viewing this report on another domain, it was copied illegally and reposted in violation of USA & global copyright law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/04/19/private-wealth-partners-llc-buys-100-shares-of-carnival-corp-ccl.html.
Several investment firms issued their expert ratings on Carnival Corporation (CCL) in which Argus Research Upgrades Carnival Corporation (CCL) to Buy by settling a price target of $64 on 2/27/17. Stifel Nicolaus raised their target price on Carnival Corp from $65.00 to $68.00 and gave the stock a buy rating in a research note on Wednesday, March 29th. Barclays PLC raised their price objective on Carnival Corp from $56.00 to $63.00 and gave the company an equal weight rating in a research report on Wednesday, March 29th. The stock presently has a consensus rating of "Buy" and an average price target of $57.17.
The newest analyst ratings which are still in issue on Thursday 20th of April state n/a analysts have a rating of "strong buy", n/a analysts "buy", n/a analysts "neutral", n/a analysts "sell" and n/a analysts "strong sell". The stock was sold at an average price of $58.29, for a total transaction of $349,740.00.
In other news, insider Alan Buckelew sold 9,273 shares of the company's stock in a transaction that occurred on Tuesday, January 17th. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 105,241 shares of company stock worth $5,895,327 over the last three months. Following the sale, the chief executive officer now owns 194,762 shares in the company, valued at approximately $10,149,047.82. The disclosure for this sale can be found here.
For this year, Carnival Corporation (NYSE:CCL) is performing 11.09%.
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