Carnival Corporation $CCL Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its shareholding in Carnival Corporation by 28.6%, cutting its stake to 115,900 shares after selling 46,400 shares in the first quarter.
• Analyst ratings for Carnival show a range of opinions, with Mizuho raising the price target to $35.00, while Zacks cut their rating to "hold"; overall, the stock holds a consensus rating of "Moderate Buy" with an average price target of $30.71.
• Carnival reported a quarterly earnings per share of $0.35, beating analyst estimates and showing a 9.5% revenue increase year-over-year, with a market cap of $34.14 billion.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in Carnival Corporation (NYSE:CCL - Free Report) by 28.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,900 shares of the company's stock after selling 46,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Carnival were worth $2,264,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in Carnival in the first quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in Carnival in the first quarter valued at $26,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Carnival in the fourth quarter valued at $29,000. Orion Capital Management LLC acquired a new stake in shares of Carnival in the fourth quarter valued at $30,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Carnival in the first quarter valued at $35,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Stock Performance

Shares of Carnival stock traded up $2.0270 on Friday, hitting $31.2970. The stock had a trading volume of 20,868,373 shares, compared to its average volume of 23,597,236. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $31.32. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The stock has a market cap of $36.54 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.65 and a beta of 2.70. The company's 50 day moving average price is $28.35 and its 200 day moving average price is $23.89.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The firm's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. On average, research analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Ratings Changes

CCL has been the subject of several analyst reports. Susquehanna boosted their target price on Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Stifel Nicolaus boosted their target price on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Barclays boosted their target price on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. TD Cowen initiated coverage on Carnival in a research report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price objective for the company. Finally, Bank of America upped their price objective on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Carnival currently has an average rating of "Moderate Buy" and a consensus target price of $30.71.

Insider Buying and Selling at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the sale, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.60% of the stock is currently owned by corporate insiders.

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.