Carnival Corporation $CUK Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Carnival Corporation (NYSE:CUK) by 33.8% during the first quarter, owning a total of 76,317 shares valued at $1.34 million.
• Carnival recently reported earnings per share (EPS) of $0.35 for the last quarter, exceeding analyst estimates of $0.24, with revenues also surpassing expectations at $6.33 billion.
• Insider activity includes Director Sir Jonathon Band selling 12,500 shares for approximately $371,875, decreasing his holdings by 16.25%.

Charles Schwab Investment Management Inc. grew its holdings in Carnival Corporation (NYSE:CUK - Free Report) by 33.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,317 shares of the company's stock after buying an additional 19,298 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Carnival were worth $1,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ABC Arbitrage SA increased its holdings in Carnival by 12.7% in the 1st quarter. ABC Arbitrage SA now owns 759,899 shares of the company's stock worth $13,321,000 after acquiring an additional 85,372 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Carnival in the first quarter valued at about $3,459,000. Mackenzie Financial Corp grew its position in shares of Carnival by 160.3% in the first quarter. Mackenzie Financial Corp now owns 266,885 shares of the company's stock valued at $4,678,000 after purchasing an additional 164,359 shares during the period. Kintayl Capital LP purchased a new stake in shares of Carnival during the first quarter worth about $712,000. Finally, GAMMA Investing LLC raised its position in shares of Carnival by 1,569.7% during the 1st quarter. GAMMA Investing LLC now owns 48,856 shares of the company's stock worth $856,000 after purchasing an additional 45,930 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Carnival Price Performance

Carnival stock traded up $0.42 during midday trading on Thursday, reaching $29.03. The company had a trading volume of 1,024,569 shares, compared to its average volume of 1,924,807. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a 12-month low of $13.65 and a 12-month high of $29.77. The company has a market capitalization of $5.47 billion, a P/E ratio of 15.69 and a beta of 2.76. The firm's fifty day simple moving average is $27.19 and its 200-day simple moving average is $21.99.

Carnival (NYSE:CUK - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.21 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. Carnival has set its Q3 2025 guidance at 1.300-1.300 EPS. FY 2025 guidance at 1.970-1.970 EPS. As a group, equities analysts anticipate that Carnival Corporation will post 1.7 EPS for the current year.

Insider Activity

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by insiders.

Carnival Company Profile

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.