Gulf International Bank UK Ltd Sells 21,880 Shares of Carnival Corporation $CCL

Key Points

• Gulf International Bank UK Ltd reduced its stake in Carnival Corporation by 27.7% in Q1, now holding 57,005 shares worth approximately $1.11 million.
• Analysts have mixed projections, with Morgan Stanley setting a price target of $24.00 while Bank of America raised theirs to $38.00, reflecting a range of optimism among institutions.
• Carnival Corporation reported a quarterly revenue of $6.33 billion and earnings per share of $0.35, surpassing analysts' expectations and showing a 9.5% year-over-year revenue increase.

Gulf International Bank UK Ltd lessened its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 27.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,005 shares of the company's stock after selling 21,880 shares during the period. Gulf International Bank UK Ltd's holdings in Carnival were worth $1,113,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in Carnival during the first quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new position in Carnival during the first quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new position in Carnival during the fourth quarter valued at approximately $29,000. Orion Capital Management LLC purchased a new position in Carnival during the fourth quarter valued at approximately $30,000. Finally, Zions Bancorporation National Association UT purchased a new position in Carnival during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Trading Down 1.5%

NYSE:CCL traded down $0.4350 during midday trading on Wednesday, reaching $29.1350. 7,954,811 shares of the stock traded hands, compared to its average volume of 23,675,727. The company has a fifty day moving average of $28.13 and a 200 day moving average of $23.84. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $31.01. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The stock has a market capitalization of $34.01 billion, a P/E ratio of 15.75, a PEG ratio of 0.67 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly 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. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the business posted $0.11 EPS. The firm's revenue was up 9.5% compared to the same quarter last year. 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 predict that Carnival Corporation will post 1.77 EPS for the current year.

Insider Buying and Selling

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 in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on CCL shares. Tigress Financial boosted their price objective on shares of Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Macquarie dropped their target price on shares of Carnival from $31.00 to $26.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Hsbc Global Res upgraded shares of Carnival from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Morgan Stanley lifted their target price on shares of Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Finally, Loop Capital reiterated a "hold" rating and set a $22.00 target price on shares of Carnival in a research report on Monday, June 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Carnival presently has an average rating of "Moderate Buy" and a consensus price target of $30.71.

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.