First Trust Advisors LP Reduces Stake in Carnival Corp (CCL)

Institutional investors own 79.45% of the company's stock. (LON:CCL). According to the most recently released broker notes, 2 analysts have a rating of "strong buy" on the stock, 3 analysts "buy", 1 analysts "neutral", 1 analysts "sell" and 0 analysts "strong sell". Carret Asset Ltd Limited Liability Company holds 0.56% of its portfolio in Carnival Corp (NYSE:CCL) for 56,590 shares. SRB Corp now owns 3,325 shares of the company's stock worth $162,000 after buying an additional 500 shares during the last quarter. World Asset Management Inc increased its position in Carnival Corp by 0.6% in the third quarter. Palouse Capital Management Inc. now owns 72,340 shares of the company's stock worth $3,532,000 after buying an additional 2,177 shares during the last quarter. KRUSE STEIN sold $1.74M worth of stock or 31,158 shares. Stoneridge Investment Partners LLC boosted its stake in shares of Carnival Corp by 207.7% in the third quarter. Analysts, on average, seem bullish as they suggest CCL is worth $1.25 more, giving a target price of $62.29/share. The insider BAND SIR JONATHON sold 6,276 shares worth $335,610.

Carnival Corp (NYSE:CCL) last announced its earnings results on Tuesday, March 28th. 3,334,734 shares of the company were exchanged. The stock of Carnival Corp (NYSE:CCL) has "Outperform" rating given on Tuesday, March 21 by William Blair. The stock has a market cap of $44.32 billion, a price-to-earnings ratio of 15.04 and a beta of 0.73. The firm has a 50-day moving average price of $60.17 and a 200-day moving average price of $55.49. Below is a list of Carnival Corp (NYSE:CCL) latest ratings and price target changes. Total debt to equity ratio of the company for most recent quarter is 0.40 whereas long term debt to equity ratio for most recent quarter is 0.34. The firm had revenue of $3.79 billion during the quarter. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The business's revenue was up 3.8% compared to the same quarter a year ago.

The counter witnessed a trading volume of 0.22 million shares versus an average volume of 0.24 million shares during last trading session. On average, equities research analysts anticipate that Carnival Corp will post $3.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 26th will be paid a dividend of $0.40 per share. Its price/book multiple of 1.96 compared with the 4.11 while its free cash flow yield of 9.32 should be matched with that of its industry's 36.22. The ex-dividend date is Wednesday, May 24th. Carnival plc earned a daily sentiment score of 0.09 on AlphaOne's scale.

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CCL has been the subject of a number of recent research reports.

Among 24 analysts covering Carnival Corporation (NYSE:CCL), 14 have Buy rating, 1 Sell and 9 Hold. Carnival Corp (NYSE:CCL) has risen 6.00% since April 19, 2017 and is uptrending. Instinet increased their price objective on Carnival Corp from $61.00 to $67.00 and gave the company a "buy" rating in a report on Wednesday, March 29th. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Carnival Corp during the fourth quarter worth approximately $131,000. On Wednesday, November 4 the stock rating was maintained by Buckingham Research with "Buy". The company now has a consensus rating of "Buy" and a consensus price target of $57.28.

In related news, Director Sir John Parker sold 19,965 shares of the company's stock in a transaction that occurred on 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 owns 26,684 shares in the company, valued at approximately $1,555,410.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The disclosure for this sale can be found here.

Carnival Corporation (NYSE:CCL) has accumulated 2.06% over the course of one week. The Firm operates in four divisions: North America, EAA, Cruise Support and, Tour and Other.

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