Bessemer Group Inc. Sells 1,785,087 Shares of Carnival Corporation $CCL

Bessemer Group Inc. lessened its stake in shares of Carnival Corporation (NYSE:CCL) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,362,926 shares of the company’s stock after selling 1,785,087 shares during the quarter. Carnival accounts for about 1.3% of Bessemer Group Inc.’s investment portfolio, making the stock its 11th largest position. Bessemer Group Inc. owned 2.43% of Carnival worth $797,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position 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 purchasing an additional 2,410,188 shares during the last quarter. Causeway Capital Management LLC bought a new position in Carnival in the 1st quarter valued at $518,816,000. Nuveen LLC bought a new position in Carnival in the 1st quarter valued at $432,718,000. Invesco Ltd. raised its position 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 purchasing an additional 2,566,148 shares during the last quarter. Finally, Northern Trust Corp raised its position 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 purchasing an additional 1,787,015 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Insider Activity at Carnival

In related 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.60% of the stock is currently owned by company insiders.

Carnival Stock Down 0.1%

Shares of Carnival stock opened at $29.40 on Monday. 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 business has a fifty day simple moving average of $30.22 and a 200 day simple moving average of $26.56. The stock has a market cap of $34.32 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.09 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. The firm’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. Research analysts predict that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CCL shares. Melius Research lifted their price objective on Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research report on Friday. Mizuho boosted their target price on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Susquehanna boosted their target price on Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a research report on Tuesday, September 30th. Finally, Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

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.