Mishpacha Holdings Corp Acquires Shares of 264,275 Carnival Corporation $CCL

Key Points

• Mishpacha Holdings Corp disclosed a new fourth-quarter position in Carnival, buying 264,275 shares worth about $8.1 million. The stake makes up roughly 6.7% of its portfolio and is now its fifth-largest holding.
• Carnival’s latest quarterly results beat expectations, with EPS of $0.20 versus the $0.18 estimate and revenue of $6.17 billion topping forecasts. Revenue also rose 6.1% year over year, and analysts expect $2.22 EPS for the current fiscal year.
• The stock remains supported by institutional ownership and generally positive analyst sentiment, with a Moderate Buy consensus and average price target of $34.94. However, some insiders have sold shares recently, including director and executive transactions in April and May.

Mishpacha Holdings Corp bought a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 264,275 shares of the company's stock, valued at approximately $8,071,000. Carnival accounts for about 6.7% of Mishpacha Holdings Corp's investment portfolio, making the stock its 5th largest position.

A number of other large investors have also modified their holdings of CCL. BOCHK Asset Management Ltd purchased a new stake in shares of Carnival in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Carnival in the third quarter worth $25,000. Lloyd Advisory Services LLC. purchased a new position in Carnival in the fourth quarter worth $26,000. Newbridge Financial Services Group Inc. lifted its holdings in Carnival by 381.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company's stock valued at $29,000 after acquiring an additional 762 shares during the period. Finally, Optima Capital LLC purchased a new stake in shares of Carnival during the 4th quarter worth $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Stock Up 0.2%

Carnival stock opened at $30.92 on Friday. Carnival Corporation has a fifty-two week low of $22.58 and a fifty-two week high of $34.03. The firm has a market capitalization of $38.31 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.36 and a beta of 2.32. The stock's fifty day moving average is $27.28 and its two-hundred day moving average is $28.30. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. Analysts predict that Carnival Corporation will post 2.22 EPS for the current fiscal year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, May 18th. Carnival's dividend payout ratio is 26.67%.

Key Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Analysts remain constructive on Carnival alongside other consumer cyclical names, reinforcing the view that the cruise operator still has room to benefit from resilient leisure spending. Analysts Are Bullish on Top Consumer Cyclical Stocks: Carnival (CCL), AUTO1 Group SE (ATOGF)
• Positive Sentiment: Carnival’s Mediterranean expansion plans for Holland America and broader itinerary growth are being viewed as a sign of stronger booking opportunities and a deeper product offering. Carnival Stock Pops on Mediterranean Expansion Plans
• Positive Sentiment: Lower oil prices are helping cruise stocks, and Carnival is benefiting from easing fuel-cost pressure after geopolitical concerns around the Strait of Hormuz cooled. Carnival Stock Rises As Oil Prices Fall After MoU
• Positive Sentiment: Carnival and Starboard’s limited-edition Bulleit Bourbon launch across 14 ships adds an onboard revenue and branding initiative tied to America’s 250th anniversary. Carnival (CCL) Launches Limited Edition Bulleit Bourbon Across 14 Ships
• Neutral Sentiment: Several previews ahead of Carnival’s June 23 Q2 earnings note that expectations are centered on earnings stability and continued onboard spending strength, but investors are waiting for confirmation from results. Carnival Reports Q2 Earnings Next Week. What Investors Should Expect.
• Neutral Sentiment: Broader market commentary shows investors are favoring strong fundamentals and cyclicals, which is supportive for CCL but not specific to the company. The Unstoppable Stock Market Rally Is Defying Fed Fears

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCL shares. Barclays lowered their price target on shares of Carnival from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 24th. Sanford C. Bernstein decreased their price objective on shares of Carnival from $33.00 to $28.70 and set a "market perform" rating on the stock in a report on Monday, March 30th. TD Cowen upped their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Wall Street Zen cut shares of Carnival from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Finally, Stifel Nicolaus lifted their price target on shares of Carnival from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned 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 $34.94.

Insider Activity

In other news, Director Sir Jonathon Band sold 11,988 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the transaction, the director directly owned 52,601 shares of the company's stock, valued at $1,377,620.19. This trade represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the transaction, the insider owned 69,238 shares of the company's stock, valued at $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 55,058 shares of company stock worth $1,524,195 in the last ninety days. Insiders own 7.90% of the company's stock.

Carnival Profile

Carnival Corporation NYSE: CCL is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company's core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.

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