American Century Companies Inc. Acquires 356,899 Shares of Carnival Corporation $CCL

Key Points

• American Century Companies Inc. has increased its stake in Carnival Corporation by 23.3%, owning approximately 1.89 million shares valued at $36.94 million.
• Insider trading activities demonstrate a decrease in ownership as Director Sir Jonathon Band sold 12,500 shares, reducing their stake by 16.25%.
• Analysts provide a moderate buy rating on Carnival with a consensus target price of $30.71, reflecting increased optimism about the company's performance following quarterly earnings that surpassed expectations.

American Century Companies Inc. raised its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 23.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,891,481 shares of the company's stock after purchasing an additional 356,899 shares during the period. American Century Companies Inc. owned 0.16% of Carnival worth $36,941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ethic Inc. increased its position in shares of Carnival by 27.6% during the first quarter. Ethic Inc. now owns 30,224 shares of the company's stock valued at $586,000 after acquiring an additional 6,537 shares in the last quarter. Aberdeen Group plc increased its position in shares of Carnival by 92.7% during the first quarter. Aberdeen Group plc now owns 422,167 shares of the company's stock valued at $8,179,000 after acquiring an additional 203,042 shares in the last quarter. Black Cypress Capital Management LLC increased its position in shares of Carnival by 2.5% during the first quarter. Black Cypress Capital Management LLC now owns 140,888 shares of the company's stock valued at $2,752,000 after acquiring an additional 3,442 shares in the last quarter. Sei Investments Co. increased its position in shares of Carnival by 21.5% during the first quarter. Sei Investments Co. now owns 1,942,667 shares of the company's stock valued at $37,940,000 after acquiring an additional 343,652 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its position in shares of Carnival by 57.1% during the first quarter. Cookson Peirce & Co. Inc. now owns 32,250 shares of the company's stock valued at $630,000 after acquiring an additional 11,722 shares in the last quarter. Institutional investors own 67.19% of the company's stock.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director owned 64,406 shares in the company, valued at $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.60% of the stock is owned by corporate insiders.

Carnival Stock Performance

Shares of Carnival stock traded up $2.0180 on Friday, hitting $31.2880. 27,173,276 shares of the company's stock were exchanged, compared to its average volume of 16,618,616. The company has a 50-day simple moving average of $28.53 and a 200-day simple moving average of $23.90. The stock has a market capitalization of $36.53 billion, a PE ratio of 16.91, a PEG ratio of 0.70 and a beta of 2.70. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $31.38. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, equities analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCL. Tigress Financial raised their price target on shares of Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Morgan Stanley raised their target price on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Bank of America raised their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Mizuho raised their target price on shares of Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Finally, Hsbc Global Res upgraded shares of Carnival from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.71.

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.