Vestmark Advisory Solutions Inc. Buys Shares of 34,148 Carnival Corporation $CCL

Key Points

• Vestmark Advisory Solutions Inc. has acquired a new position in Carnival Corporation, purchasing 34,148 shares valued at approximately $667,000.
• In the latest quarter, hedge funds and institutional investors currently own 67.19% of Carnival's stock, with Vanguard Group increasing its stake to 119.5 million shares worth over $2.33 billion.
• Carnival's stock is trading down 1.1%, with a current price of $29.24 and a market cap of $34.14 billion.

Vestmark Advisory Solutions Inc. bought a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,148 shares of the company's stock, valued at approximately $667,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in shares of Carnival by 21.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 6,722 shares of the company's stock worth $131,000 after acquiring an additional 1,191 shares during the last quarter. National Pension Service grew its stake in Carnival by 4.7% during the 1st quarter. National Pension Service now owns 2,524,757 shares of the company's stock valued at $49,309,000 after purchasing an additional 113,463 shares in the last quarter. LGT Fund Management Co Ltd. purchased a new stake in Carnival during the 1st quarter worth approximately $235,000. Resona Asset Management Co. Ltd. raised its position in shares of Carnival by 8.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 320,607 shares of the company's stock valued at $6,278,000 after purchasing an additional 24,422 shares in the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Carnival during the 1st quarter valued at approximately $377,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Stock Performance

Shares of Carnival stock traded up $2.0750 on Friday, reaching $31.3450. 21,800,067 shares of the company were exchanged, compared to its average volume of 23,602,078. The firm has a market cap of $36.59 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 0.65 and a beta of 2.70. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $31.34. 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's 50-day moving average is $28.35 and its two-hundred day moving average is $23.89.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The firm had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business earned $0.11 EPS. The firm's revenue was up 9.5% on a year-over-year basis. 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, research analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the business'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 transaction of $371,875.00. Following the completion of the transaction, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. HSBC raised shares of Carnival from a "reduce" rating to a "hold" rating and set a $24.00 target price for the company in a research report on Friday, May 16th. Barclays increased their price target on shares of Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Mizuho boosted their price objective on Carnival from $33.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Finally, TD Cowen assumed coverage on Carnival in a report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Carnival currently has a consensus rating of "Moderate Buy" and an average price target of $30.71.

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.