GYL Financial Synergies LLC raised its holdings in Carnival Corp (NYSE:CCL) by 23.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,225 shares of the company’s stock after buying an additional 1,200 shares during the quarter. GYL Financial Synergies LLC’s holdings in Carnival were worth $316,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CCL. Nuveen Asset Management LLC raised its position in Carnival by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 34,308 shares of the company’s stock valued at $1,691,000 after purchasing an additional 179 shares during the last quarter. Avestar Capital LLC raised its position in shares of Carnival by 13.9% during the first quarter. Avestar Capital LLC now owns 1,609 shares of the company’s stock worth $77,000 after acquiring an additional 196 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of Carnival by 9.7% during the first quarter. Manchester Capital Management LLC now owns 2,265 shares of the company’s stock worth $115,000 after acquiring an additional 200 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Carnival by 0.3% during the first quarter. Commonwealth Bank of Australia now owns 71,898 shares of the company’s stock worth $3,639,000 after acquiring an additional 200 shares during the last quarter. Finally, Hanson McClain Inc. raised its position in shares of Carnival by 16.4% during the fourth quarter. Hanson McClain Inc. now owns 1,424 shares of the company’s stock worth $70,000 after acquiring an additional 201 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors.
In other Carnival news, Director Randall J. Weisenburger bought 20,000 shares of Carnival stock in a transaction on Wednesday, July 3rd. The shares were purchased at an average price of $46.50 per share, with a total value of $930,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Arnold W. Donald bought 22,050 shares of Carnival stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of $45.23 per share, for a total transaction of $997,321.50. The disclosure for this purchase can be found here. Corporate insiders own 24.10% of the company’s stock.
Shares of Carnival stock traded up $0.43 on Friday, hitting $46.26. The stock had a trading volume of 2,871,892 shares, compared to its average volume of 5,583,565. Carnival Corp has a twelve month low of $44.76 and a twelve month high of $67.69. The company has a 50 day moving average price of $49.43. The company has a current ratio of 0.27, a quick ratio of 0.22 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $24.15 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.09 and a beta of 1.09.
Carnival (NYSE:CCL) last issued its quarterly earnings results on Thursday, June 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. The business had revenue of $4.84 billion for 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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. On average, equities research analysts expect that Carnival Corp will post 4.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. Carnival’s dividend payout ratio is currently 46.95%.
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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