Carnival Corporation $CCL Shares Sold by Mubadala Investment Co PJSC

Key Points

• Mubadala Investment Co PJSC has decreased its stake in Carnival Corporation by 7.3%, selling 12,564 shares and now holding a total of 159,317 shares valued at approximately $3.1 million.
• Carnival Corporation recently reported $0.35 earnings per share, exceeding analysts' estimates of $0.24, with revenue up by 9.5% year-over-year to $6.33 billion.
• Institutional ownership of Carnival Corporation stands at 67.19%, with several other investors also adjusting their positions in the company during the fourth quarter.

Mubadala Investment Co PJSC lessened its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,317 shares of the company's stock after selling 12,564 shares during the quarter. Mubadala Investment Co PJSC's holdings in Carnival were worth $3,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCL. Causeway Capital Management LLC acquired a new position in Carnival in the 1st quarter worth approximately $518,816,000. Nuveen LLC acquired a new stake in shares of Carnival during the 1st quarter worth approximately $432,718,000. Nuveen Asset Management LLC grew its stake in shares of Carnival by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after purchasing an additional 5,761,489 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carnival during the 4th quarter worth approximately $100,845,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Carnival by 9,220.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,297,434 shares of the company's stock worth $82,172,000 after purchasing an additional 3,262,055 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Trading Up 0.5%

Shares of NYSE CCL traded up $0.15 during trading on Wednesday, hitting $31.31. 11,897,126 shares of the company were exchanged, compared to its average volume of 23,308,363. 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 quick ratio of 0.30 and a current ratio of 0.34. The company has a fifty day moving average price of $29.63 and a 200-day moving average price of $24.17. The firm has a market capitalization of $36.55 billion, a PE ratio of 16.92, a P/E/G ratio of 0.71 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data 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. 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 company's quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company 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. As a group, equities research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

CCL has been the topic of a number of analyst reports. Susquehanna raised their price objective on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Wall Street Zen raised shares of Carnival from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Mizuho lifted their price target on shares of Carnival from $33.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Bank of America lifted their price target on shares of Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Barclays lifted their price target on shares of Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $30.71.

Insider Activity

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was 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 of the company's stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.60% of the company's stock.

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.