Vontobel Holding Ltd. Cuts Position in Carnival Corporation $CCL

Key Points

• Vontobel Holding Ltd. reduced its stake in Carnival Corporation by 34.2%, selling 38,759 shares and retaining 74,575 shares, valued at approximately $2.1 million.
• Carnival's recent earnings report revealed $1.43 earnings per share, surpassing analyst estimates, while revenue reached $8.15 billion, reflecting a 3.3% year-over-year growth.
• Wall Street analysts have a generally positive outlook on Carnival, with fourteen analysts issuing a "Buy" rating and an average price target of $32.90.

Vontobel Holding Ltd. lessened its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 34.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,575 shares of the company's stock after selling 38,759 shares during the quarter. Vontobel Holding Ltd.'s holdings in Carnival were worth $2,097,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CCL. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival in the 1st quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Carnival in the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Carnival in the 2nd quarter valued at approximately $28,000. Banque Transatlantique SA bought a new stake in shares of Carnival in the 1st quarter valued at approximately $33,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Carnival in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Price Performance

Shares of CCL stock opened at $27.71 on Friday. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The firm has a market capitalization of $32.35 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.58 and a beta of 2.68. The stock has a 50 day moving average price of $30.31 and a 200 day moving average price of $25.77.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Susquehanna raised their price objective on Carnival from $30.00 to $35.00 and gave the company a "positive" rating in a research note on Tuesday, September 30th. Zacks Research raised Carnival from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Argus lowered their price objective on Carnival from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, September 30th. Melius Research raised their price target on Carnival from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Finally, Loop Capital reissued a "hold" rating and set a $22.00 price target on shares of Carnival in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.90.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction 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 sale, the director directly owned 64,406 shares of the company's stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.60% of the stock is currently owned by company 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.

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