Carnival Corporation $CCL Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its holdings in Carnival Corporation (NYSE:CCL) by 16.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,425,707 shares of the company’s stock after acquiring an additional 1,787,015 shares during the period. Northern Trust Corp’s holdings in Carnival were worth $242,674,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group lifted its holdings in shares of Carnival by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 17,111 shares of the company’s stock worth $334,000 after purchasing an additional 818 shares during the last quarter. Affinity Investment Advisors LLC grew its stake in Carnival by 18.8% during the 1st quarter. Affinity Investment Advisors LLC now owns 11,641 shares of the company’s stock worth $227,000 after buying an additional 1,844 shares during the last quarter. Corient IA LLC acquired a new stake in Carnival in the first quarter worth $293,000. Raymond James Financial Inc. increased its position in Carnival by 9.9% in the first quarter. Raymond James Financial Inc. now owns 956,064 shares of the company’s stock worth $18,672,000 after buying an additional 85,782 shares during the period. Finally, American Century Companies Inc. lifted its stake in Carnival by 23.3% in the first quarter. American Century Companies Inc. now owns 1,891,481 shares of the company’s stock valued at $36,941,000 after buying an additional 356,899 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Trading Down 1.1%

Shares of NYSE CCL opened at $29.2440 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $31.01. The company has a market cap of $34.14 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 0.66 and a beta of 2.70. The business has a fifty day simple moving average of $28.24 and a 200-day simple moving average of $23.87.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share 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 for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous 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. Sell-side analysts predict that Carnival Corporation will post 1.77 EPS for the current year.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the company’s stock in a transaction on 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 sale, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 7.60% of the stock is owned by company insiders.

Analyst Ratings Changes

CCL has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of Carnival from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Macquarie cut their price target on Carnival from $31.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Zacks Research downgraded Carnival from a “strong-buy” rating to a “hold” rating in a research report on Monday. TD Cowen initiated coverage on Carnival in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Tigress Financial lifted their target price on Carnival from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carnival has a consensus rating of “Moderate Buy” and an average price target 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.