Ballentine Partners LLC Makes New Investment in Carnival Corporation $CCL

Key Points

• Ballentine Partners LLC invested approximately $259,000 in Carnival Corporation by acquiring 9,224 shares during the second quarter.
• Institutional investors own 67.19% of Carnival Corporation's stock, with notable increases in holdings from firms like GAMMA Investing LLC and NBC Securities Inc.
• Carnival Corporation reported quarterly earnings of $1.43 per share, exceeding expectations, with revenue growth of 3.3% year-over-year.

Ballentine Partners LLC bought a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,224 shares of the company's stock, valued at approximately $259,000.

A number of other institutional investors have also recently added to or reduced their stakes in CCL. GAMMA Investing LLC grew its holdings in Carnival by 2,135.8% during the 1st quarter. GAMMA Investing LLC now owns 463,974 shares of the company's stock worth $9,061,000 after acquiring an additional 443,222 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Carnival by 7.3% in the 1st quarter. Rothschild Investment LLC now owns 11,740 shares of the company's stock valued at $229,000 after purchasing an additional 800 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Carnival by 8.7% in the 1st quarter. Rhumbline Advisers now owns 1,912,145 shares of the company's stock valued at $37,344,000 after purchasing an additional 152,538 shares during the last quarter. Czech National Bank boosted its stake in shares of Carnival by 6.8% in the 1st quarter. Czech National Bank now owns 240,659 shares of the company's stock valued at $4,700,000 after purchasing an additional 15,397 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of Carnival by 127,575.0% in the 1st quarter. NBC Securities Inc. now owns 5,107 shares of the company's stock valued at $99,000 after purchasing an additional 5,103 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Carnival Stock Performance

CCL opened at $29.44 on Tuesday. 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 company's fifty day moving average price is $30.53 and its two-hundred day moving average price is $25.32. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. The company has a market cap of $34.37 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.68 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

CCL has been the topic of a number of analyst reports. Truist Financial upped their price objective on shares of Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Stifel Nicolaus upped their price objective on shares of Carnival from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Citigroup upped their price objective on shares of Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. TD Cowen initiated coverage on shares of Carnival in a research report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $31.95.

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.

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