Harbour Investments Inc. Trims Position in Carnival Corporation $CCL

Harbour Investments Inc. lessened its stake in shares of Carnival Corporation (NYSE:CCL) by 8.4% during the 2nd quarter, Holdings Channel reports. The fund owned 7,477 shares of the company’s stock after selling 689 shares during the quarter. Harbour Investments Inc.’s holdings in Carnival were worth $210,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Carnival by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock worth $2,333,947,000 after acquiring an additional 2,410,188 shares during the period. Causeway Capital Management LLC purchased a new position in shares of Carnival during the 1st quarter worth $518,816,000. Nuveen LLC purchased a new position in shares of Carnival during the 1st quarter worth $432,718,000. Invesco Ltd. raised its holdings in shares of Carnival by 24.7% during the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock worth $253,211,000 after acquiring an additional 2,566,148 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Carnival by 16.8% during the 1st quarter. Northern Trust Corp now owns 12,425,707 shares of the company’s stock worth $242,674,000 after acquiring an additional 1,787,015 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Stock Performance

NYSE CCL opened at $29.98 on Wednesday. The company has a market cap of $35.01 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.61 and a beta of 2.68. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The stock has a 50-day moving average of $30.26 and a two-hundred day moving average of $26.24. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80.

Carnival (NYSE:CCL) last released its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.11. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. 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, analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CCL has been the topic of several analyst reports. Wall Street Zen lowered Carnival from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Zacks Research upgraded shares of Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Tigress Financial boosted their price objective on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Citigroup boosted their price objective on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Susquehanna boosted their price objective on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.