Carnival Corporation $CCL Shares Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC has cut its stake in Carnival Corporation by 49.9%, now holding 57,910 shares valued at $1,628,000 after selling 57,735 shares in the second quarter.
• Carnival Corporation reported an earnings per share (EPS) of $1.43 for the last quarter, surpassing the consensus estimate of $1.32, with revenue reaching $8.15 billion, slightly above analyst expectations.
• Institutional ownership of Carnival stock is high, with 67.19% of shares currently held by institutional investors and hedge funds.

International Assets Investment Management LLC reduced its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 49.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,910 shares of the company's stock after selling 57,735 shares during the period. International Assets Investment Management LLC's holdings in Carnival were worth $1,628,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. New Century Financial Group LLC raised its position in shares of Carnival by 375.7% during the 2nd quarter. New Century Financial Group LLC now owns 72,140 shares of the company's stock worth $2,029,000 after purchasing an additional 56,976 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Carnival by 31.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company's stock worth $2,427,000 after purchasing an additional 28,890 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Carnival by 6.2% during the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company's stock worth $3,399,000 after purchasing an additional 10,739 shares during the last quarter. Mount Lucas Management LP raised its position in shares of Carnival by 42.5% during the 1st quarter. Mount Lucas Management LP now owns 65,754 shares of the company's stock worth $1,284,000 after purchasing an additional 19,601 shares during the last quarter. Finally, Personal CFO Solutions LLC acquired a new position in shares of Carnival during the 1st quarter worth approximately $196,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Stock Up 0.3%

Shares of NYSE CCL opened at $28.31 on Monday. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The firm has a fifty day moving average of $30.24 and a 200-day moving average of $26.13. The stock has a market capitalization of $33.05 billion, a PE ratio of 14.74, a P/E/G ratio of 0.60 and a beta of 2.68. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL - Get Free Report) last announced 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 net margin of 10.07% and a return on equity of 27.86%. The company had revenue of $8.15 billion during the quarter, compared to analysts' expectations of $8.09 billion. During the same period in the previous year, the company earned $1.27 EPS. The business's quarterly revenue 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. On average, analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the sale, the director directly owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.60% of the company's stock.

Analyst Upgrades and Downgrades

CCL has been the subject of several recent analyst reports. Truist Financial lifted their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Morgan Stanley lifted their target price on shares of Carnival from $30.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 1st. Argus lowered their target price on shares of Carnival from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, September 30th. Citigroup lifted their target price on shares of Carnival from $37.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Finally, Susquehanna lifted their target price on shares of Carnival from $30.00 to $35.00 and gave the stock a "positive" rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

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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