Carnival Corporation $CCL Shares Purchased by Diversified Trust Co

Key Points

• Diversified Trust Co increased its stake in Carnival Corporation by 10.5%, holding a total of 90,897 shares worth approximately $2.56 million as of the last quarter.
• Carnival's shares have seen a 2.8% decrease, trading at $30.56, despite the company reporting earnings of $0.35 per share, exceeding analyst expectations.
• Analysts are generally optimistic, with a consensus rating of "Moderate Buy" and a target price of $31.63, while various firms have set price targets ranging from $22 to $38.

Diversified Trust Co boosted its position in Carnival Corporation (NYSE:CCL - Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,897 shares of the company's stock after acquiring an additional 8,632 shares during the quarter. Diversified Trust Co's holdings in Carnival were worth $2,556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCL. Causeway Capital Management LLC acquired a new stake in Carnival during the first quarter worth approximately $518,816,000. Nuveen LLC acquired a new stake in Carnival during the first quarter worth approximately $432,718,000. 59 North Capital Management LP acquired a new stake in Carnival during the first quarter worth approximately $69,303,000. AGF Management Ltd. raised its holdings in Carnival by 14,603.8% during the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company's stock worth $56,075,000 after purchasing an additional 2,851,692 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Carnival by 24.7% during 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 in the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Stock Down 2.8%

CCL stock opened at $30.56 on Friday. The firm has a 50 day simple moving average of $30.40 and a 200-day simple moving average of $24.84. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80. The company has a market capitalization of $35.68 billion, a P/E ratio of 16.52, a PEG ratio of 0.68 and a beta of 2.70. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCL. TD Cowen began coverage on shares of Carnival in a report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price objective on the stock. Truist Financial raised their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a research report on Monday, July 21st. Loop Capital restated a "hold" rating and set a $22.00 target price on shares of Carnival in a research report on Monday, June 23rd. Barclays raised their target price on shares of Carnival from $33.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Tigress Financial raised their target price on shares of Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.63.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm's 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 sale, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 7.60% of the company's stock.

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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