Carnival Corporation $CCL Position Reduced by International Assets Investment Management LLC

Key Points

• International Assets Investment Management cut its Carnival stake by 88.7% in the third quarter, selling 40,167 shares and retaining 5,135 shares valued at about $126,000.
• Carnival reported quarterly EPS of $1.43, beating the $1.35 consensus estimate, while revenue of $8.44 billion rose 3.5% year over year.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $34.16; the company also declared a quarterly dividend of $0.15 per share.

International Assets Investment Management LLC decreased its position in Carnival Corporation (NYSE:CCL - Free Report) by 88.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,135 shares of the company's stock after selling 40,167 shares during the quarter. International Assets Investment Management LLC's holdings in Carnival were worth $126,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new stake in shares of Carnival during the 2nd quarter valued at about $25,000. Basecamp Wealth Advisors LLC lifted its stake in shares of Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company's stock worth $27,000 after purchasing an additional 542 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of Carnival by 116.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company's stock worth $27,000 after purchasing an additional 589 shares during the period. Axiom Investment Management LLC purchased a new position in shares of Carnival in the second quarter worth approximately $29,000. Finally, Ancora Advisors LLC purchased a new position in shares of Carnival in the second quarter worth approximately $29,000. Institutional investors own 67.19% of the company's stock.

Insider Activity at Carnival

In related news, Director Helen Deeble sold 25,000 shares of Carnival stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $27.75, for a total transaction of $693,750.00. Following the transaction, the director owned 63,505 shares in the company, valued at approximately $1,762,263.75. The trade was a 28.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.90% of the stock is owned by insiders.

Carnival Stock Performance

Shares of CCL stock traded up $0.03 during trading hours on Friday, reaching $29.62. 13,190,472 shares of the company traded hands, compared to its average volume of 19,738,858. The firm has a 50-day moving average price of $25.28 and a 200 day moving average price of $27.13. The company has a market cap of $39.83 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.28 and a beta of 2.48. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. Carnival Corporation has a 12-month low of $21.45 and a 12-month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The company had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the firm posted $1.43 EPS. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. As a group, sell-side analysts predict that Carnival Corporation will post 2.26 earnings per share for the current fiscal year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, November 6th. Carnival's dividend payout ratio (DPR) is presently 26.20%.

Analyst Ratings Changes

Several analysts recently issued reports on CCL shares. Sanford C. Bernstein restated a "market perform" rating and set a $28.70 target price on shares of Carnival in a research report on Wednesday, September 30th. Loop Capital decreased their price target on shares of Carnival from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, September 30th. Freedom Broker lifted their price target on shares of Carnival from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, October 1st. Morgan Stanley boosted their price objective on shares of Carnival from $31.00 to $32.50 and gave the company an "overweight" rating in a research report on Tuesday, September 29th. Finally, HSBC decreased their target price on Carnival from $31.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Carnival has a consensus rating of "Moderate Buy" and a consensus target price of $34.16.

Carnival Profile

Carnival Corporation & plc is a global cruise company that operates cruise lines and provides ship-based vacations. Its brands include Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, AIDA Cruises, Costa Cruises, and P&O Cruises.

The company's offerings include cruise itineraries, onboard accommodations, dining and entertainment, as well as shore excursions and other guest experiences. Its ships serve destinations across regions including the Caribbean, Europe, Alaska, Australia and Asia.

The business traces its roots to Carnival Cruise Line, founded by Ted Arison in 1972.

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