Carnival Corporation $CCL Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of Carnival Corporation (NYSE:CCL) by 31.6% in the first quarter, Holdings Channel reports. The institutional investor owned 3,773,875 shares of the company’s stock after buying an additional 906,633 shares during the period. SG Americas Securities LLC’s holdings in Carnival were worth $97,668,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC boosted its holdings in shares of Carnival by 15.6% in the fourth quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock valued at $79,000 after acquiring an additional 350 shares in the last quarter. Net Worth Advisory Group lifted its position in Carnival by 2.9% in the fourth quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock valued at $378,000 after purchasing an additional 354 shares during the period. Triad Wealth Partners LLC lifted its position in Carnival by 2.1% in the fourth quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock valued at $533,000 after purchasing an additional 358 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in Carnival by 3.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock valued at $322,000 after purchasing an additional 358 shares in the last quarter. Finally, StoneX Group Inc. boosted its holdings in Carnival by 4.9% in the 4th quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock valued at $242,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup increased their target price on Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Sanford C. Bernstein decreased their price target on Carnival from $33.00 to $28.70 and set a “market perform” rating on the stock in a research note on Monday, March 30th. Truist Financial dropped their price objective on Carnival from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. Mizuho increased their price objective on Carnival from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, March 27th. Finally, William Blair reissued an “outperform” rating on shares of Carnival in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.94.

Carnival Price Performance

CCL stock opened at $30.92 on Monday. The firm has a 50 day moving average of $27.28 and a 200-day moving average of $28.32. The company has a market cap of $38.31 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.36 and a beta of 2.32. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82. Carnival Corporation has a 12-month low of $22.58 and a 12-month high of $34.03.

Carnival (NYSE:CCL) last released its quarterly earnings data on Friday, March 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. As a group, equities analysts expect that Carnival Corporation will post 2.22 EPS for the current fiscal year.

Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, May 18th. Carnival’s payout ratio is currently 26.67%.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Analysts remain constructive on Carnival alongside other consumer cyclical names, reinforcing the view that the cruise operator still has room to benefit from resilient leisure spending. Analysts Are Bullish on Top Consumer Cyclical Stocks: Carnival (CCL), AUTO1 Group SE (ATOGF)
• Positive Sentiment: Carnival’s Mediterranean expansion plans for Holland America and broader itinerary growth are being viewed as a sign of stronger booking opportunities and a deeper product offering. Carnival Stock Pops on Mediterranean Expansion Plans
• Positive Sentiment: Lower oil prices are helping cruise stocks, and Carnival is benefiting from easing fuel-cost pressure after geopolitical concerns around the Strait of Hormuz cooled. Carnival Stock Rises As Oil Prices Fall After MoU
• Positive Sentiment: Carnival and Starboard’s limited-edition Bulleit Bourbon launch across 14 ships adds an onboard revenue and branding initiative tied to America’s 250th anniversary. Carnival (CCL) Launches Limited Edition Bulleit Bourbon Across 14 Ships
• Neutral Sentiment: Several previews ahead of Carnival’s June 23 Q2 earnings note that expectations are centered on earnings stability and continued onboard spending strength, but investors are waiting for confirmation from results. Carnival Reports Q2 Earnings Next Week. What Investors Should Expect.
• Neutral Sentiment: Broader market commentary shows investors are favoring strong fundamentals and cyclicals, which is supportive for CCL but not specific to the company. The Unstoppable Stock Market Rally Is Defying Fed Fears

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 11,988 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the sale, the director owned 52,601 shares in the company, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bettina Alejandra Deynes sold 43,058 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the transaction, the insider directly owned 69,238 shares of the company’s stock, valued at $1,945,587.80. The trade was a 38.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 55,058 shares of company stock worth $1,524,195. 7.90% of the stock is owned by insiders.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.