Caitong International Asset Management Co. Ltd Takes Position in Carnival Corporation $CCL

Caitong International Asset Management Co. Ltd bought a new position in shares of Carnival Corporation (NYSE:CCL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 30,080 shares of the company’s stock, valued at approximately $919,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BOCHK Asset Management Ltd acquired a new position in shares of Carnival in the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in Carnival during the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. acquired a new position in shares of Carnival in the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. lifted its position in shares of Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock worth $29,000 after purchasing an additional 762 shares during the period. Finally, Optima Capital LLC acquired a new stake in shares of Carnival during the fourth quarter worth $32,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the transaction, the director directly owned 52,601 shares of the company’s stock, valued at approximately $1,377,620.19. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction dated 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 sale, the insider directly owned 69,238 shares in the company, valued at $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 55,058 shares of company stock valued at $1,524,195. 7.90% of the stock is currently owned by insiders.

Trending Headlines about Carnival

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

Carnival Price Performance

CCL stock opened at $30.92 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Corporation has a one year low of $22.58 and a one year high of $34.03. The stock has a market cap of $38.31 billion, a PE ratio of 13.74, a P/E/G ratio of 1.36 and a beta of 2.32. The firm has a 50 day simple moving average of $27.28 and a two-hundred day simple moving average of $28.30.

Carnival (NYSE:CCL) last issued its earnings results on Friday, March 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, analysts predict that Carnival Corporation will post 2.22 EPS for the current fiscal year.

Carnival Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on CCL shares. Zacks Research raised shares of Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings downgraded Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. HSBC upgraded Carnival from a “hold” rating to a “buy” rating and cut their target price for the company from $33.60 to $30.10 in a research report on Monday, March 30th. Mizuho lifted their target price on Carnival from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Finally, TD Cowen increased their price target on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five 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 target price of $34.94.

About Carnival

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.