Carnival Corp (CCL) Holdings Raised by Boyer & Corporon Wealth Management LLC

Boyer & Corporon Wealth Management LLC raised its position in shares of Carnival Corp (NYSE:CCL) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,977 shares of the company’s stock after acquiring an additional 1,927 shares during the period. Boyer & Corporon Wealth Management LLC’s holdings in Carnival were worth $3,245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Todd Asset Management LLC boosted its holdings in Carnival by 10.0% during the first quarter. Todd Asset Management LLC now owns 635,629 shares of the company’s stock valued at $32,239,000 after acquiring an additional 57,948 shares during the period. Strategy Asset Managers LLC lifted its stake in shares of Carnival by 4.5% in the first quarter. Strategy Asset Managers LLC now owns 38,731 shares of the company’s stock valued at $1,964,000 after buying an additional 1,667 shares during the period. Foster & Motley Inc. lifted its stake in shares of Carnival by 28.0% in the first quarter. Foster & Motley Inc. now owns 48,307 shares of the company’s stock valued at $2,450,000 after buying an additional 10,565 shares during the period. TD Asset Management Inc. lifted its stake in shares of Carnival by 6.3% in the first quarter. TD Asset Management Inc. now owns 126,013 shares of the company’s stock valued at $6,391,000 after buying an additional 7,418 shares during the period. Finally, McKinley Carter Wealth Services Inc. lifted its stake in shares of Carnival by 25.5% in the first quarter. McKinley Carter Wealth Services Inc. now owns 45,681 shares of the company’s stock valued at $2,317,000 after buying an additional 9,270 shares during the period. Institutional investors own 76.75% of the company’s stock.

Several research firms recently weighed in on CCL. ValuEngine upgraded shares of Carnival from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Standpoint Research cut shares of Carnival from a “buy” rating to a “hold” rating and set a $57.16 target price for the company. in a research note on Wednesday, January 30th. Zacks Investment Research cut shares of Carnival from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Goldman Sachs Group upgraded shares of Carnival from a “neutral” rating to a “buy” rating and increased their target price for the company from $63.00 to $65.00 in a research note on Wednesday, March 13th. Finally, Macquarie upgraded shares of Carnival from a “neutral” rating to an “outperform” rating and increased their target price for the company from $58.00 to $66.00 in a research note on Friday, January 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $66.70.

Shares of CCL opened at $52.38 on Tuesday. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.22 and a quick ratio of 0.17. Carnival Corp has a 12 month low of $45.64 and a 12 month high of $67.69.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, March 26th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Carnival had a net margin of 16.03% and a return on equity of 12.30%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. As a group, sell-side analysts anticipate that Carnival Corp will post 4.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Thursday, May 23rd. Carnival’s dividend payout ratio is 46.95%.

COPYRIGHT VIOLATION WARNING: “Carnival Corp (CCL) Holdings Raised by Boyer & Corporon Wealth Management LLC” was reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.baseballdailydigest.com/news/2019/05/21/carnival-corp-ccl-holdings-raised-by-boyer-corporon-wealth-management-llc.html.

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.

See Also: Market Capitalization in the Stock Market

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corp (NYSE:CCL).

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.