Infusive Asset Management Inc. Acquires 99,472 Shares of Carnival Corporation $CCL

Key Points

• Infusive Asset Management Inc. increased its stake in Carnival Corporation by 52.8% in the first quarter, holding a total of 287,902 shares worth approximately $5.6 million.
• Several large investors, including AXA S.A. and Ameriprise Financial Inc., also increased their holdings in Carnival during the fourth quarter, indicating growing institutional interest.
• Carnival reported earnings of $0.35 EPS for the last quarter, exceeding analyst expectations and showing a 9.5% revenue growth year-over-year, with a current market cap of $37.09 billion.

Infusive Asset Management Inc. raised its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 52.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 287,902 shares of the company's stock after purchasing an additional 99,472 shares during the period. Carnival accounts for 2.6% of Infusive Asset Management Inc.'s portfolio, making the stock its 17th largest holding. Infusive Asset Management Inc.'s holdings in Carnival were worth $5,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CCL. Schonfeld Strategic Advisors LLC bought a new position in shares of Carnival during the fourth quarter valued at $733,000. AXA S.A. increased its position in Carnival by 178.2% in the fourth quarter. AXA S.A. now owns 128,338 shares of the company's stock worth $3,198,000 after purchasing an additional 82,214 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Carnival during the 4th quarter worth about $257,000. Ameriprise Financial Inc. grew its position in shares of Carnival by 2.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,093,705 shares of the company's stock worth $52,175,000 after buying an additional 46,129 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of Carnival by 70.6% during the 4th quarter. Baird Financial Group Inc. now owns 49,821 shares of the company's stock worth $1,242,000 after buying an additional 20,620 shares during the period. Institutional investors own 67.19% of the company's stock.

Carnival Stock Down 0.7%

Shares of CCL stock traded down $0.22 during trading hours on Friday, reaching $31.54. The company had a trading volume of 12,077,148 shares, compared to its average volume of 14,619,766. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $32.77. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The business has a fifty day simple moving average of $29.94 and a 200-day simple moving average of $24.28. The company has a market cap of $36.82 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.71 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the business posted $0.11 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. 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 expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival

In related 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 transaction, the director directly owned 64,406 shares of the company's stock, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Loop Capital reaffirmed a "hold" rating and set a $22.00 price target on shares of Carnival in a research report on Monday, June 23rd. Zacks Research lowered Carnival from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. TD Cowen began coverage on Carnival in a report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 target price on the stock. Finally, Stifel Nicolaus upped their price objective on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.71.

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.