Carnival Corp (NYSE:CCL) Shares Purchased by Perella Weinberg Partners Capital Management LP

Perella Weinberg Partners Capital Management LP boosted its position in Carnival Corp (NYSE:CCL) by 178.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,526 shares of the company’s stock after acquiring an additional 18,271 shares during the quarter. Perella Weinberg Partners Capital Management LP’s holdings in Carnival were worth $1,328,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CCL. Oregon Public Employees Retirement Fund increased its stake in Carnival by 10.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 198,559 shares of the company’s stock valued at $9,243,000 after purchasing an additional 18,310 shares during the last quarter. Carillon Tower Advisers Inc. increased its stake in Carnival by 13.7% in the first quarter. Carillon Tower Advisers Inc. now owns 380,805 shares of the company’s stock valued at $19,314,000 after purchasing an additional 45,996 shares during the last quarter. Hanson McClain Inc. increased its stake in Carnival by 20.2% in the first quarter. Hanson McClain Inc. now owns 1,711 shares of the company’s stock valued at $87,000 after purchasing an additional 287 shares during the last quarter. Everett Harris & Co. CA increased its stake in Carnival by 48.4% in the first quarter. Everett Harris & Co. CA now owns 113,275 shares of the company’s stock valued at $5,745,000 after purchasing an additional 36,950 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in Carnival by 14.6% in the first quarter. Advisor Group Inc. now owns 21,245 shares of the company’s stock valued at $1,077,000 after purchasing an additional 2,700 shares during the last quarter. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of CCL traded down $0.70 during mid-day trading on Friday, reaching $45.96. 2,668,415 shares of the company’s stock were exchanged, compared to its average volume of 3,624,472. 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 stock has a market cap of $24.89 billion, a PE ratio of 10.79, a PEG ratio of 1.12 and a beta of 1.08. The stock’s fifty day simple moving average is $47.14. Carnival Corp has a 52-week low of $44.76 and a 52-week high of $67.69.

Carnival (NYSE:CCL) last announced its earnings results on Thursday, June 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.49 billion. Carnival had a net margin of 15.09% and a return on equity of 12.15%. 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 posted $0.68 earnings per share. As a group, equities analysts forecast that Carnival Corp will post 4.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.35%. Carnival’s dividend payout ratio (DPR) is presently 46.95%.

Several equities analysts have commented on the stock. Deutsche Bank dropped their price target on shares of Carnival from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Buckingham Research lowered shares of Carnival from a “buy” rating to a “neutral” rating and dropped their price target for the company from $65.00 to $54.00 in a research note on Monday, April 15th. ValuEngine lowered shares of Carnival from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 11th. Berenberg Bank lowered shares of Carnival from a “buy” rating to a “hold” rating and dropped their price target for the company from $60.00 to $48.00 in a research note on Monday, July 1st. Finally, Nomura lowered shares of Carnival from a “buy” rating to a “neutral” rating and dropped their price target for the company from $60.00 to $52.00 in a research note on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.72.

Carnival 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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