Carnival Corporation $CCL Holdings Raised by Scott & Selber Inc.

Scott & Selber Inc. lifted its stake in Carnival Corporation (NYSE:CCL) by 1.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 189,447 shares of the company’s stock after purchasing an additional 2,631 shares during the quarter. Carnival accounts for about 1.5% of Scott & Selber Inc.’s investment portfolio, making the stock its 16th largest holding. Scott & Selber Inc.’s holdings in Carnival were worth $5,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Carnival by 31.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock valued at $2,427,000 after acquiring an additional 28,890 shares during the period. IFM Investors Pty Ltd raised its stake in Carnival by 6.2% during the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after purchasing an additional 10,739 shares during the period. Mount Lucas Management LP lifted its holdings in shares of Carnival by 42.5% in the first quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock valued at $1,284,000 after purchasing an additional 19,601 shares in the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of Carnival in the first quarter worth $196,000. Finally, Shellback Capital LP boosted its position in shares of Carnival by 135.3% in the first quarter. Shellback Capital LP now owns 1,000,000 shares of the company’s stock worth $19,530,000 after buying an additional 575,000 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director directly owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CCL. Loop Capital restated a “hold” rating and set a $22.00 price objective on shares of Carnival in a research report on Monday, June 23rd. Tigress Financial increased their price target on shares of Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Citigroup boosted their price objective on shares of Carnival from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Mizuho increased their target price on shares of Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Bank of America lifted their target price on shares of Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.95.

Carnival Trading Up 0.6%

Shares of NYSE:CCL opened at $30.67 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $35.80 billion, a PE ratio of 16.58, a P/E/G ratio of 0.68 and a beta of 2.70. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The firm has a fifty day moving average price of $30.54 and a 200 day moving average price of $25.26.

About Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.