Fifth Third Wealth Advisors LLC Sells 391 Shares of Carnival Corporation $CCL

Fifth Third Wealth Advisors LLC trimmed its stake in shares of Carnival Corporation (NYSE:CCL) by 3.8% in the second quarter, HoldingsChannel reports. The firm owned 9,833 shares of the company’s stock after selling 391 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Carnival were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Vanguard Group Inc. grew its holdings in Carnival by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock valued at $2,333,947,000 after buying an additional 2,410,188 shares in the last quarter. Causeway Capital Management LLC acquired a new position in Carnival in the 1st quarter valued at $518,816,000. Nuveen LLC acquired a new position in Carnival in the 1st quarter valued at $432,718,000. Invesco Ltd. grew its holdings in Carnival by 24.7% in the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock valued at $253,211,000 after buying an additional 2,566,148 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Carnival by 16.8% in the 1st quarter. Northern Trust Corp now owns 12,425,707 shares of the company’s stock valued at $242,674,000 after buying an additional 1,787,015 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Price Performance

Shares of CCL stock opened at $28.06 on Tuesday. 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 twelve month low of $15.07 and a twelve month high of $32.80. The company has a market cap of $32.76 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.58 and a beta of 2.68. The business has a fifty day simple moving average of $30.28 and a 200 day simple moving average of $25.86.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The business had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same period in the prior year, the company earned $1.27 EPS. Carnival’s revenue for the quarter was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, sell-side analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

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 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 in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCL. Citigroup upped 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. TD Cowen initiated coverage on Carnival in a report on Tuesday, July 22nd. They issued a “buy” rating and a $36.00 price objective on the stock. Barclays upped their target price on Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, September 17th. Mizuho upped their target price on Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Finally, Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.90.

About Carnival

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.