Ownership Action To Observe: Carnival Corp (NYSE:CCL) Institutional Investors Sentiment

November 28, 2016 - By Dolores Ford   ·   0 Comments

Ownership Action To Observe: Carnival Corp (NYSE:CCL) Institutional Investors Sentiment

Sentiment for Carnival Corp (NYSE:CCL)

Carnival Corp (NYSE:CCL) institutional sentiment decreased to 0.9 in 2016 Q2. Its down -0.05, from 0.95 in 2016Q1. The ratio has worsened, as 241 investment managers opened new or increased holdings, while 254 trimmed and sold holdings in Carnival Corp. The investment managers in our partner’s database now possess: 409.94 million shares, down from 437.31 million shares in 2016Q1. Also, the number of investment managers holding Carnival Corp in their top 10 holdings decreased from 16 to 9 for a decrease of 7. Sold All: 55 Reduced: 199 Increased: 188 New Position: 53.

Carnival Corporation is a leisure travel company. The company has a market cap of $38.16 billion. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. It has a 16.1 P/E ratio. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia divisions.

The stock increased 0.48% or $0.25 during the last trading session, hitting $52.55. About 2,200 shares traded hands. Carnival Corp (NYSE:CCL) has risen 6.72% since April 25, 2016 and is uptrending. It has outperformed by 0.71% the S&P500.

Analysts await Carnival Corp (NYSE:CCL) to report earnings on December, 16. They expect $0.58 EPS, up 16.00% or $0.08 from last year’s $0.5 per share. CCL’s profit will be $421.18M for 22.65 P/E if the $0.58 EPS becomes a reality. After $1.92 actual EPS reported by Carnival Corp for the previous quarter, Wall Street now forecasts -69.79% negative EPS growth.

According to Zacks Investment Research, “Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and Fathom.”

Suntrust Banks Inc holds 10.43% of its portfolio in Carnival Corp for 38.54 million shares. Trinity Street Asset Management Llp owns 952,666 shares or 9.78% of their US portfolio. Moreover, Edinburgh Partners Ltd has 8.08% invested in the company for 1.20 million shares. The Ontario – Canada-based Black Creek Investment Management Inc. has invested 6.81% in the stock. Crystal Rock Capital Management, a Illinois-based fund reported 170,927 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 selling transactions for $4.48 million net activity.

Carnival Corp (NYSE:CCL) Ratings Coverage

Ratings analysis reveals 60% of Carnival Corporation’s analysts are positive. Out of 20 Wall Street analysts rating Carnival Corporation, 12 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $48 while the high is $64. The stock’s average target of $56.76 is 8.01% above today’s ($52.55) share price. CCL was included in 36 notes of analysts from August 6, 2015. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, September 24. The company was initiated on Wednesday, November 25 by HSBC. On Monday, October 5 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Neutral” rating on Tuesday, October 4 by Macquarie Research. The firm has “Underweight” rating given on Friday, September 2 by Morgan Stanley. The firm earned “Buy” rating on Monday, October 3 by HSBC. Buckingham Research maintained the stock with “Buy” rating in Wednesday, November 4 report. Goldman Sachs maintained Carnival Corp (NYSE:CCL) rating on Tuesday, March 29. Goldman Sachs has “Neutral” rating and $52.50 price target. Wolfe Research initiated the shares of CCL in a report on Wednesday, November 18 with “Peer Perform” rating. The company was initiated on Thursday, September 29 by Deutsche Bank.

CCL Company Profile

Carnival Corporation, incorporated on November 21, 1974, is a leisure travel company. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) divisions. The North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn cruise brands. The EAA segment includes Costa Cruises, AIDA Cruises, P&O Cruises (UK), P&O Cruises (Australia) and Cunard cruise brands. The Company’s Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Puerto Plata, Dominican Republic, and Roatan, Honduras. The Cruise Support segment also includes other services that are provided for the benefit of all its cruise brands. The Tour and Other segment includes Holland America Princess Alaska Tours, a tour firm in Alaska and the Canadian Yukon, and approximately three cruise ships, the former Costa Celebration, Costa Europa and Grand Holiday, which it owns and charters-out under long-term leases. The Company’s tour firm owns and operates approximately 10 hotels or lodges, over 300 motorcoaches and approximately 20 glass-domed railcars.

More news for Carnival Corp (NYSE:CCL) were recently published by: Latimes.com, which released: “Carnival Corp. to screen cruise passengers through Interpol” on November 08, 2016. Miamiherald.com‘s article titled: “Carnival Corp.’s Arnold Donald appointed chair of Cruise Lines International …” and published on November 14, 2016 is yet another important article.

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By Dolores Ford


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