UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 47,286 Shares of Carnival Corporation $CCL

Key Points

• UBS AM reduced its stake in Carnival Corporation by 1.1%, holding approximately 0.37% of the total shares amounting to $85.4 million following the sale of 47,286 shares.
• Other institutional investors, such as Vanguard Group and Invesco Ltd., made significant adjustments to their positions, with Vanguard increasing its stake by 2.1% and Invesco increasing by 24.7% in the same quarter.
• Carnival's latest quarterly earnings report showed a profit of $0.35 per share, exceeding expectations, while analysts predict a 1.77 EPS for the current fiscal year, maintaining a consensus rating of "Moderate Buy".

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC reduced its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,370,552 shares of the company's stock after selling 47,286 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.37% of Carnival worth $85,357,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CCL. Focus Partners Wealth increased its holdings in Carnival by 144.3% during the 4th quarter. Focus Partners Wealth now owns 46,841 shares of the company's stock worth $1,188,000 after acquiring an additional 27,667 shares during the period. Jefferies Financial Group Inc. bought a new stake in Carnival during the 4th quarter worth approximately $353,000. Janus Henderson Group PLC increased its holdings in Carnival by 4.2% during the 4th quarter. Janus Henderson Group PLC now owns 59,499 shares of the company's stock worth $1,483,000 after acquiring an additional 2,380 shares during the period. Lazard Asset Management LLC increased its holdings in Carnival by 11.0% during the 4th quarter. Lazard Asset Management LLC now owns 120,147 shares of the company's stock worth $2,994,000 after acquiring an additional 11,922 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Carnival by 5.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,732 shares of the company's stock worth $2,660,000 after acquiring an additional 5,277 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Trading Up 0.2%

Shares of NYSE:CCL traded up $0.05 on Thursday, hitting $31.24. The company had a trading volume of 3,428,558 shares, compared to its average volume of 22,861,453. The firm's 50-day simple moving average is $30.32 and its two-hundred day simple moving average is $24.70. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $36.47 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 0.70 and a beta of 2.70.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on CCL. Tigress Financial upped their target price on shares of Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Bank of America increased their price target on shares of Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Citigroup increased their price target on shares of Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Carnival from $34.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday. Finally, TD Cowen began coverage on shares of Carnival in a report on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 price target on the stock. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Carnival currently has an average rating of "Moderate Buy" and an average target price of $31.63.

Insider Activity

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 in the company, valued at $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.60% of the stock is currently owned by insiders.

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.