DoubleLine ETF Adviser LP Makes New Investment in Carnival Corporation $CCL

Key Points

• DoubleLine ETF Adviser LP has acquired 23,983 shares of Carnival Corporation, valued at approximately $468,000, signaling institutional interest in the cruise company.
• Carnival reported $0.35 earnings per share for its latest quarter, exceeding estimates, with revenues also surpassing expectations at $6.33 billion.
• The stock has recently seen various analyst upgrades, with target prices ranging from $26.00 to $37.00, reflecting a consensus rating of "Moderate Buy."

DoubleLine ETF Adviser LP acquired a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 23,983 shares of the company's stock, valued at approximately $468,000.

Several other large investors also recently bought and sold shares of the company. SouthState Corp increased its stake in Carnival by 9.8% during the 1st quarter. SouthState Corp now owns 5,976 shares of the company's stock worth $117,000 after buying an additional 531 shares in the last quarter. KBC Group NV boosted its holdings in shares of Carnival by 0.8% during the 1st quarter. KBC Group NV now owns 73,391 shares of the company's stock worth $1,433,000 after purchasing an additional 553 shares during the last quarter. Fielder Capital Group LLC boosted its holdings in shares of Carnival by 5.0% during the 1st quarter. Fielder Capital Group LLC now owns 12,843 shares of the company's stock worth $251,000 after purchasing an additional 615 shares during the last quarter. Commerce Bank boosted its holdings in shares of Carnival by 2.8% during the 1st quarter. Commerce Bank now owns 23,027 shares of the company's stock worth $450,000 after purchasing an additional 620 shares during the last quarter. Finally, Kentucky Retirement Systems boosted its holdings in shares of Carnival by 0.9% during the 1st quarter. Kentucky Retirement Systems now owns 70,058 shares of the company's stock worth $1,368,000 after purchasing an additional 638 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Trading Down 1.7%

CCL traded down $0.54 during trading hours on Wednesday, reaching $31.04. The company's stock had a trading volume of 9,676,633 shares, compared to its average volume of 23,010,363. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.77. The stock has a market cap of $36.23 billion, a PE ratio of 16.79, a P/E/G ratio of 0.71 and a beta of 2.70. The business's 50-day moving average is $30.07 and its 200-day moving average is $24.39. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The firm had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, equities research analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director directly owned 64,406 shares in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on CCL shares. Mizuho boosted their target price on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Wall Street Zen upgraded Carnival from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Morgan Stanley boosted their target price on Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Hsbc Global Res upgraded Carnival from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Bank of America boosted their target price on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carnival has a consensus rating of "Moderate Buy" and an average price target of $30.71.

Carnival Profile

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.