International Assets Investment Management LLC Decreases Holdings in Carnival Corporation $CCL

International Assets Investment Management LLC lowered its position in Carnival Corporation (NYSE:CCL) by 49.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,910 shares of the company’s stock after selling 57,735 shares during the quarter. International Assets Investment Management LLC’s holdings in Carnival were worth $1,628,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Carnival in the 2nd quarter worth $25,201,000. Chevy Chase Trust Holdings LLC lifted its holdings in Carnival by 0.9% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 554,577 shares of the company’s stock worth $15,595,000 after buying an additional 5,064 shares in the last quarter. Arista Wealth Management LLC acquired a new position in Carnival in the 2nd quarter worth $211,000. Private Trust Co. NA lifted its holdings in Carnival by 96.3% in the 2nd quarter. Private Trust Co. NA now owns 3,439 shares of the company’s stock worth $97,000 after buying an additional 1,687 shares in the last quarter. Finally, Applied Finance Capital Management LLC acquired a new position in Carnival in the 2nd quarter worth $978,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Performance

Shares of Carnival stock opened at $28.31 on Monday. The firm has a market cap of $33.05 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.60 and a beta of 2.68. The firm’s 50-day simple moving average is $30.24 and its 200-day simple moving average is $26.13. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The business had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the sale, the director owned 64,406 shares of the company’s stock, 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 accessible through this hyperlink. 7.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group set a $35.00 price objective on shares of Carnival and gave the stock a “buy” rating in a report on Wednesday, October 1st. Citigroup boosted their price objective on shares of Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Bank of America upped their target price on shares of Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna upped their target price on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a research note on Tuesday, September 30th. One 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

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.