UniSuper Management Pty Ltd Boosts Stake in Carnival Corporation $CCL

Key Points

• UniSuper Management Pty Ltd increased its stake in Carnival Corporation by 17.3%, acquiring an additional 18,285 shares, totaling 124,049 shares valued at approximately $2.4 million.
• Recent insider transactions included Carnival Director Sir Jonathon Band selling 12,500 shares at an average price of $29.75, reducing his ownership by 16.25%.
• Carnival's quarterly earnings beat analysts' expectations, reporting earnings per share of $0.35 and revenue of $6.33 billion, a 9.5% increase from the previous year.

UniSuper Management Pty Ltd grew its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 17.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,049 shares of the company's stock after buying an additional 18,285 shares during the period. UniSuper Management Pty Ltd's holdings in Carnival were worth $2,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CCL. N.E.W. Advisory Services LLC purchased a new stake in shares of Carnival in the 1st quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Carnival in the 1st quarter valued at about $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Carnival in the 4th quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in shares of Carnival in the 4th quarter valued at about $30,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Carnival in the 1st quarter valued at about $33,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director owned 64,406 shares in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.60% of the stock is currently owned by corporate insiders.

Carnival Stock Performance

NYSE CCL traded down $0.92 on Friday, hitting $31.55. 12,993,248 shares of the company's stock were exchanged, compared to its average volume of 15,040,851. 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 firm's 50-day moving average price is $30.19 and its two-hundred day moving average price is $24.55. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The firm has a market cap of $36.83 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 0.73 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 the consensus estimate of $0.24 by $0.11. The company had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. On average, research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on CCL shares. Morgan Stanley boosted their target price on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Stifel Nicolaus boosted their price target on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Bank of America boosted their price target on Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Tigress Financial boosted their price target on Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Susquehanna boosted their price target on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.71.

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.