Carnival Corporation $CCL Shares Sold by Bank of New York Mellon Corp

Key Points

• The Bank of New York Mellon Corp reduced its stake in Carnival Corporation by **8.5%**, selling over **506,000 shares**, and now holds approximately **0.47%** of the company valued at **$154 million**.
• Vanguard Group recently increased its stake in Carnival by **2.1%**, now owning over **119 million shares**, while other institutional investors, including Causeway Capital Management and Invesco, also expanded their holdings in the firm.
• Analysts have upgraded Carnival's stock ratings, with Zacks Research moving it from "hold" to "**strong-buy**" and multiple firms increasing target prices for the stock, indicating a consensus average target price of **$33.00**.

Bank of New York Mellon Corp lowered its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 8.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,481,342 shares of the company's stock after selling 506,553 shares during the quarter. Bank of New York Mellon Corp owned about 0.47% of Carnival worth $154,135,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Carnival by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company's stock valued at $2,333,947,000 after buying an additional 2,410,188 shares during the last quarter. Causeway Capital Management LLC acquired a new stake in shares of Carnival during the 1st quarter valued at approximately $518,816,000. Nuveen LLC acquired a new stake in Carnival in the first quarter worth $432,718,000. Invesco Ltd. increased 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 buying an additional 2,566,148 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Carnival by 16.8% during the first quarter. Northern Trust Corp now owns 12,425,707 shares of the company's stock valued at $242,674,000 after purchasing an additional 1,787,015 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research upgraded Carnival from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Mizuho raised their price objective on Carnival from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Thursday, September 25th. Citigroup raised their target price on Carnival from $37.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Truist Financial lifted their price objective on Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Finally, Tigress Financial lifted their price objective on Carnival from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Carnival has an average rating of "Moderate Buy" and a consensus target price of $33.00.

Carnival Trading Up 3.0%

Shares of CCL opened at $26.90 on Thursday. The stock has a fifty day moving average price of $29.80 and a two-hundred day moving average price of $27.11. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The company has a market cap of $31.41 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.57 and a beta of 2.68.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The firm had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the previous year, the company posted $1.27 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival 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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