Point72 Hong Kong Ltd Acquires 11,971 Shares of Carnival Corp (NYSE:CCL)

Point72 Hong Kong Ltd increased its position in shares of Carnival Corp (NYSE:CCL) by 235.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,055 shares of the company’s stock after purchasing an additional 11,971 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Carnival were worth $794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in Carnival by 10.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 198,559 shares of the company’s stock worth $9,243,000 after purchasing an additional 18,310 shares during the period. Asset Management One Co. Ltd. raised its stake in Carnival by 1.1% during the second quarter. Asset Management One Co. Ltd. now owns 250,982 shares of the company’s stock worth $11,683,000 after acquiring an additional 2,625 shares in the last quarter. Holistic Financial Partners raised its stake in Carnival by 6.3% during the second quarter. Holistic Financial Partners now owns 4,588 shares of the company’s stock worth $214,000 after acquiring an additional 272 shares in the last quarter. Forte Capital LLC ADV raised its stake in Carnival by 23.5% during the second quarter. Forte Capital LLC ADV now owns 20,924 shares of the company’s stock worth $974,000 after acquiring an additional 3,984 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in Carnival by 3.3% during the second quarter. Sumitomo Life Insurance Co. now owns 21,209 shares of the company’s stock worth $987,000 after acquiring an additional 670 shares in the last quarter. 75.18% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Arnold W. Donald acquired 22,050 shares of the stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $45.23 per share, with a total value of $997,321.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randall J. Weisenburger acquired 20,000 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was purchased at an average cost of $46.50 per share, with a total value of $930,000.00. The disclosure for this purchase can be found here. Corporate insiders own 24.10% of the company’s stock.



Several research analysts have commented on the company. ValuEngine raised Carnival from a “strong sell” rating to a “sell” rating in a research note on Monday, August 12th. Deutsche Bank lowered their target price on Carnival from $54.00 to $52.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Wolfe Research downgraded Carnival from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 27th. Stifel Nicolaus boosted their target price on Carnival from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Barclays downgraded Carnival from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $69.00 to $55.00 in a research note on Friday, June 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Carnival currently has a consensus rating of “Hold” and a consensus target price of $60.39.

Shares of Carnival stock traded down $0.16 on Friday, hitting $48.22. The stock had a trading volume of 4,221,701 shares, compared to its average volume of 3,808,843. The stock has a 50 day moving average of $45.87 and a 200 day moving average of $50.18. Carnival Corp has a twelve month low of $42.42 and a twelve month high of $67.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.22 and a current ratio of 0.27. The firm has a market capitalization of $25.74 billion, a P/E ratio of 11.32, a PEG ratio of 1.16 and a beta of 1.09.

Carnival (NYSE:CCL) last released its quarterly earnings data on Thursday, June 20th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. Carnival had a return on equity of 12.15% and a net margin of 15.09%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. Equities analysts expect that Carnival Corp will post 4.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Thursday, August 22nd. Carnival’s dividend payout ratio is currently 46.95%.

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.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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