Perpetual Ltd Sells 87,659 Shares of Carnival Corporation $CCL

Key Points

• Perpetual Ltd. reduced its Carnival position by 6.2%, selling 87,659 shares during the third quarter and retaining 1.33 million shares valued at approximately $32.6 million.
• Institutional ownership remains substantial at 67.19%, while several other funds increased their Carnival holdings during the quarter.
• Analysts maintain a generally positive outlook, with Carnival carrying a “Moderate Buy” consensus rating and an average price target of $34.14, above its reported share price of $26.45.

Perpetual Ltd trimmed its position in Carnival Corporation (NYSE:CCL - Free Report) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,326,966 shares of the company's stock after selling 87,659 shares during the quarter. Perpetual Ltd owned about 0.10% of Carnival worth $32,564,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CCL. Bullock Wealth Management Group increased its stake in Carnival by 2,587.0% in the 3rd quarter. Bullock Wealth Management Group now owns 2,687 shares of the company's stock worth $66,000 after acquiring an additional 2,587 shares during the last quarter. Riversedge Advisors LLC raised its holdings in shares of Carnival by 17.4% during the 3rd quarter. Riversedge Advisors LLC now owns 11,081 shares of the company's stock worth $272,000 after acquiring an additional 1,641 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Carnival by 29.1% in the third quarter. Wedmont Private Capital now owns 26,272 shares of the company's stock valued at $645,000 after purchasing an additional 5,927 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Carnival by 25.0% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 465,761 shares of the company's stock valued at $11,430,000 after purchasing an additional 93,261 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Carnival by 75.6% in the third quarter. GAMMA Investing LLC now owns 72,749 shares of the company's stock worth $1,785,000 after purchasing an additional 31,322 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of recent research reports. UBS Group reaffirmed a "buy" rating and set a $36.00 price target on shares of Carnival in a research note on Wednesday, September 30th. Freedom Broker increased their price objective on shares of Carnival from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, October 1st. The Goldman Sachs Group reduced their target price on shares of Carnival from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, September 17th. Sanford C. Bernstein restated a "market perform" rating and issued a $28.70 target price on shares of Carnival in a report on Wednesday, September 30th. Finally, Melius Research set a $36.00 target price on shares of Carnival in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Carnival currently has an average rating of "Moderate Buy" and an average price target of $34.14.

Carnival Price Performance

Shares of Carnival stock opened at $26.45 on Tuesday. The stock has a market cap of $35.57 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.12 and a beta of 2.38. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.23 and a current ratio of 0.27. The stock has a 50 day moving average price of $25.01 and a 200-day moving average price of $26.39. Carnival Corporation has a one year low of $21.45 and a one year high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. Carnival's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Equities analysts expect that Carnival Corporation will post 2.27 EPS for the current year.

Carnival Profile

Carnival Corporation & plc NYSE: CCL is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.

The company's portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises.

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