Wellington Management Group LLP Increases Position in Carnival Corporation $CCL

Wellington Management Group LLP boosted its holdings in Carnival Corporation (NYSE:CCL) by 62.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,207 shares of the company’s stock after purchasing an additional 6,625 shares during the quarter. Wellington Management Group LLP’s holdings in Carnival were worth $336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new position in shares of Carnival in the first quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new position in shares of Carnival in the first quarter worth approximately $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Carnival in the fourth quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in shares of Carnival in the fourth quarter worth approximately $30,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Carnival in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Stock Down 1.8%

Shares of Carnival stock opened at $31.90 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.77. The company has a market cap of $37.24 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 0.71 and a beta of 2.70. The company’s 50 day moving average is $29.52 and its 200 day moving average is $24.12.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Research 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 the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Tigress Financial upped their target price on shares of Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. TD Cowen assumed coverage on shares of Carnival in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $36.00 target price on the stock. Zacks Research downgraded shares of Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Truist Financial increased their price objective on shares of Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a research report on Monday, July 21st. Finally, Citigroup increased their price objective on shares of Carnival from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.71.

Carnival 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.