Aberdeen Group plc Raises Position in Carnival Corporation $CCL

Key Points

• Aberdeen Group plc significantly increased its stake in Carnival Corporation by 92.7%, now holding 422,167 shares valued at approximately $8.18 million.
• Several other institutional investors also raised their positions in Carnival, with hedge funds currently owning 67.19% of the stock.
• Carnival reported a 9.5% increase in year-over-year revenue and exceeded earnings expectations, with earnings per share at $0.35 for the last quarter.

Aberdeen Group plc raised its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 92.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,167 shares of the company's stock after purchasing an additional 203,042 shares during the period. Aberdeen Group plc's holdings in Carnival were worth $8,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Jump Financial LLC raised its position in Carnival by 26.0% during the fourth quarter. Jump Financial LLC now owns 19,595 shares of the company's stock valued at $488,000 after purchasing an additional 4,044 shares during the period. NewEdge Advisors LLC raised its position in Carnival by 12.7% during the fourth quarter. NewEdge Advisors LLC now owns 24,161 shares of the company's stock valued at $602,000 after purchasing an additional 2,724 shares during the period. Commerce Bank raised its position in Carnival by 4.3% during the fourth quarter. Commerce Bank now owns 22,407 shares of the company's stock valued at $558,000 after purchasing an additional 922 shares during the period. First Trust Advisors LP raised its position in Carnival by 31.6% during the fourth quarter. First Trust Advisors LP now owns 1,220,083 shares of the company's stock valued at $30,404,000 after purchasing an additional 293,132 shares during the period. Finally, Norinchukin Bank The raised its position in Carnival by 3.3% during the fourth quarter. Norinchukin Bank The now owns 38,985 shares of the company's stock valued at $972,000 after purchasing an additional 1,232 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Trading Down 1.4%

CCL opened at $29.5420 on Wednesday. The stock's fifty day moving average is $28.13 and its two-hundred day moving average is $23.84. The company has a market capitalization of $34.49 billion, a P/E ratio of 15.97, a PEG ratio of 0.67 and a beta of 2.70. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $31.01. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

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, topping the consensus estimate of $0.24 by $0.11. The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.Carnival's quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

CCL has been the topic of a number of recent research reports. Northcoast Research assumed coverage on Carnival in a research report on Friday, April 25th. They set a "neutral" rating on the stock. Morgan Stanley increased their price target on Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Citigroup increased their price target on Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Macquarie reduced their price target on Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Truist Financial increased their price target on Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.71.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the 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 sale, the director 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 can be accessed through this hyperlink. Company insiders own 7.60% of the company's stock.

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.

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