Vanguard Personalized Indexing Management LLC Has $3.50 Million Stake in Carnival Corporation $CCL

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Carnival Corporation by 20.4%, owning 124,368 shares valued at approximately $3.50 million as of the latest quarter.
• Institutional investors now hold 67.19% of Carnival's stock, with significant increases from several hedge funds, highlighting growing interest in the company.
• Carnival's recent quarterly earnings surpassed expectations, reporting $1.43 EPS on revenue of $8.15 billion, indicating a 3.3% increase in revenue compared to the previous year.

Vanguard Personalized Indexing Management LLC grew its stake in Carnival Corporation (NYSE:CCL - Free Report) by 20.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,368 shares of the company's stock after acquiring an additional 21,060 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Carnival were worth $3,497,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Carnival by 14.5% during the first quarter. GAMMA Investing LLC now owns 23,757 shares of the company's stock worth $464,000 after purchasing an additional 3,005 shares during the period. Fifth Third Bancorp grew its stake in shares of Carnival by 1.6% in the first quarter. Fifth Third Bancorp now owns 55,492 shares of the company's stock valued at $1,084,000 after acquiring an additional 868 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Carnival by 12.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 151,216 shares of the company's stock valued at $2,953,000 after buying an additional 16,391 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Carnival by 50.1% in the first quarter. Janney Montgomery Scott LLC now owns 554,218 shares of the company's stock valued at $10,824,000 after buying an additional 184,949 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Carnival in the first quarter valued at approximately $117,000. Institutional investors own 67.19% of the company's stock.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The shares were 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. The trade was a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.60% of the stock is currently owned by insiders.

Carnival Trading Up 3.0%

Shares of CCL stock opened at $28.94 on Wednesday. The company has a 50 day moving average of $30.27 and a 200-day moving average of $25.88. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. The firm has a market cap of $33.79 billion, a P/E ratio of 15.07, a PEG ratio of 0.59 and a beta of 2.68.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same quarter last year, the business posted $1.27 EPS. Carnival's quarterly revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Sell-side analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho boosted their price objective on shares of Carnival from $35.00 to $37.00 and gave the company an "outperform" rating in a research report on Thursday, September 25th. Loop Capital restated a "hold" rating and issued a $22.00 price objective on shares of Carnival in a report on Monday, June 23rd. Citigroup increased their price objective on Carnival from $37.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Bank of America upped their price target on shares of Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley upped their price target on shares of Carnival from $30.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.90.

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.

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