Carnival Corporation $CCL Position Boosted by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Carnival Corporation by 216.9%, acquiring an additional 135,033 shares in the first quarter, bringing its total holdings to 197,280 shares valued at approximately $3.85 million.
• Other institutional investors, including Vanguard Group and Nuveen Asset Management, also boosted their positions in Carnival, indicating significant institutional interest with 67.19% of the stock owned by institutional investors.
• Carnival Corporation reported a $0.35 EPS for the quarter, exceeding analyst estimates, and set guidance for fiscal year 2025 at $1.970 EPS, with a current average target price for the stock at $30.71.

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 216.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,280 shares of the company's stock after buying an additional 135,033 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Carnival were worth $3,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Carnival by 2.1% in the first quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company's stock worth $2,333,947,000 after purchasing an additional 2,410,188 shares during the period. Nuveen Asset Management LLC lifted its position in Carnival by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after purchasing an additional 5,761,489 shares during the period. Nuveen LLC acquired a new stake in Carnival in the first quarter worth approximately $432,718,000. Invesco Ltd. lifted its position in Carnival by 24.7% in the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company's stock worth $253,211,000 after purchasing an additional 2,566,148 shares during the period. Finally, Northern Trust Corp lifted its position in Carnival by 16.8% in the first quarter. Northern Trust Corp now owns 12,425,707 shares of the company's stock worth $242,674,000 after purchasing an additional 1,787,015 shares during the period. 67.19% of the stock is owned by institutional investors.

Insider Activity

In other 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.60% of the stock is owned by insiders.

Carnival Price Performance

CCL opened at $29.2440 on Thursday. The stock has a fifty day moving average of $28.24 and a 200-day moving average of $23.87. The firm has a market capitalization of $34.14 billion, a P/E ratio of 15.81, a PEG ratio of 0.66 and a beta of 2.70. Carnival Corporation has a 12-month low of $15.07 and a 12-month 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 earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The company had revenue of $6.33 billion during 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 company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Equities analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCL. Mizuho upped their target price on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded Carnival from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. HSBC upgraded Carnival from a "reduce" rating to a "hold" rating and set a $24.00 target price for the company in a research report on Friday, May 16th. Zacks Research downgraded Carnival from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, Susquehanna increased their price objective on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.71.

Carnival Company 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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