Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Dynamic Technology Lab Private Ltd's holdings in Carnival Corporation were worth $2,273,000 at the end of the most recent quarter. Zacks Investment Research raised Carnival Corp from a sell rating to a hold rating in a research report on Tuesday, February 14th. Norges Bank purchased a new position in shares of Carnival Corp during the fourth quarter valued at approximately $222,852,000. NCM Capital Management Group Inc. raised its position in shares of Carnival Corp by 9.9% in the third quarter. Hedge funds and other institutional investors own 79.45% of the company's stock. Investec Asset Management LTD increased its position in Carnival Corp by 44.5% in the fourth quarter. The stock stands almost -4.6% off versus the 52-week high and 36.61% away from the 52-week low.
Institutional investors have recently made changes to their positions in the stock.
The share price of the company (NYSE:CUK) was up +1.49%, with a high of 57.81 during the day and the volume of Carnival Corporation shares traded was 186836.
Discovery Communications, Inc. (NASDAQ:DISCK) closed down -0.41 points or -1.46% at $27.73 with 1.21 mln shares exchanging hands.
Carnival Corporation (CCL) has a market capitalization of 42.36 Billion. Carnival Corp has a 12-month low of $42.94 and a 12-month high of $60.24. Current price places the company's stock 13.98% away from its 200-day simple moving average, 0.97%, away from the 50-day average and also -1.69% away from 20-day average. Carnival Corp also was the recipient of unusually large options trading activity on Monday. The company provided earnings per share (EPS) guidance of $3.50-3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.61. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. The business's quarterly revenue was up 3.8% on a year-over-year basis. The company's quarterly revenue was up 3.8% compared to the same quarter previous year. Equities research analysts predict that Carnival Corp will post $3.70 earnings per share for the current fiscal year. The number of shares now owned by investors are 0 mln.
On 1/17/2013 Carnival Corp announced a quarterly dividend of $0.25 2.6% with an ex dividend date of 2/20/2013 which will be payable on 3/15/2013.
On 1/17/2014 Carnival Corp announced a quarterly dividend of $0.25 2.42% with an ex dividend date of 2/19/2014 which will be payable on 3/14/2014. Carnival Corp's dividend payout ratio (DPR) is now 37.43%. If you are viewing this story on another site, it was illegally stolen and republished in violation of global copyright & trademark laws. If you are accessing this article on another domain, it was illegally copied and reposted in violation of USA & worldwide copyright & trademark law. The correct version of this report can be accessed at https://baseballnewssource.com/markets/carnival-corp-ccl-issues-fy17-earnings-guidance-updated/539228.html.
CCL has been the topic of a number of research reports. Credit Suisse Group AG restated an "outperform" rating and set a $59.00 target price on shares of Carnival Corp in a research report on Wednesday, December 21st. Barclays PLC reiterated an "equal weight" rating and issued a $56.00 price objective on shares of Carnival Corp in a research note on Wednesday, December 21st.
Several sell side analysts reviewed their recommendations on Carnival Corporation (CCL) where 8 analyst have rated the stock as Strong Buy, 5 analysts said it's a Buy, 9 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell. The stock now has an average rating of Buy and a consensus price target of $57.17. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock.
In related news, insider Alan Buckelew sold 31,158 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $52.11, for a total value of $3,161,201.04. Following the completion of the transaction, 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 SEC, which is available through this hyperlink.