Candriam S.C.A. Acquires 85,589 Shares of Carnival Corporation $CCL

Key Points

• Candriam S.C.A. increased its holdings in Carnival Corporation by 515.5%, acquiring 85,589 additional shares, bringing their total ownership to 102,193 shares valued at approximately $1.996 million.
• Several institutional investors have also increased their stakes in Carnival, with reported growths of over 200% from Banco Bilbao Vizcaya Argentaria S.A. and significant increases from others like Credit Agricole S A and RWA Wealth Partners LLC.
• Carnival Corporation reported earnings of $0.35 per share for the last quarter, exceeding expectations, with revenue rising to $6.33 billion, reflecting a 9.5% year-over-year increase.

Candriam S.C.A. increased its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 515.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,193 shares of the company's stock after purchasing an additional 85,589 shares during the period. Candriam S.C.A.'s holdings in Carnival were worth $1,996,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Carnival by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company's stock valued at $2,333,947,000 after acquiring an additional 2,410,188 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Carnival by 33.7% in the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after acquiring an additional 5,761,489 shares in the last quarter. Nuveen LLC bought a new stake in Carnival in the 1st quarter valued at approximately $432,718,000. Invesco Ltd. lifted its stake in Carnival by 24.7% in the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company's stock valued at $253,211,000 after acquiring an additional 2,566,148 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Carnival by 16.8% in the 1st quarter. Northern Trust Corp now owns 12,425,707 shares of the company's stock valued at $242,674,000 after acquiring an additional 1,787,015 shares in the last quarter. Institutional investors own 67.19% of the company's stock.

Carnival Stock Performance

Shares of CCL stock traded up $0.49 during trading on Wednesday, reaching $32.36. 21,161,066 shares of the company's stock were exchanged, compared to its average volume of 23,540,174. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $37.77 billion, a PE ratio of 17.49, a PEG ratio of 0.70 and a beta of 2.70. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.40. The firm's fifty day moving average price is $28.85 and its 200-day moving average price is $23.96.

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

Insider Buying and Selling

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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price objective on Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Barclays upped their price objective on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Tigress Financial upped their price objective on Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded Carnival from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Hsbc Global Res upgraded Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.