BSN CAPITAL PARTNERS Ltd Makes New Investment in Carnival Corporation $CCL
by Kim Johansen · The Markets DailyBSN CAPITAL PARTNERS Ltd purchased a new stake in shares of Carnival Corporation (NYSE:CCL – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 344,450 shares of the company’s stock, valued at approximately $10,134,000. Carnival makes up about 0.5% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 24th biggest position.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC lifted its position in shares of Carnival by 15.6% during the 4th 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 during the last quarter. Net Worth Advisory Group lifted its position in shares of Carnival by 2.9% in the fourth quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock worth $378,000 after buying an additional 354 shares during the last quarter. Triad Wealth Partners LLC boosted its position in Carnival by 2.1% during the fourth quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock worth $533,000 after purchasing an additional 358 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Carnival by 3.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after buying an additional 358 shares during the period. Finally, StoneX Group Inc. grew its position in shares of Carnival by 4.9% in the fourth quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock valued at $242,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.
Insider Transactions at Carnival
In other Carnival news, 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 completion of the transaction, the insider directly owned 69,238 shares in the company, valued at approximately $1,945,587.80. This trade represents a 38.34% 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 this link. Also, Director Sir Jonathon Band sold 11,988 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 52,601 shares of the company’s stock, valued at $1,377,620.19. This represents a 18.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 55,058 shares of company stock valued at $1,524,195. Insiders own 7.90% of the company’s stock.
Key Headlines Impacting 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 Trading Up 0.2%
Shares of Carnival stock opened at $30.92 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. The company has a market capitalization 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 firm’s 50-day moving average price is $27.28 and its two-hundred day moving average price is $28.30. Carnival Corporation has a 12-month low of $22.58 and a 12-month high of $34.03.
Carnival (NYSE:CCL – Get Free Report) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter last year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts forecast that Carnival Corporation will post 2.22 earnings per share for the current fiscal year.
Carnival Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. Carnival’s dividend payout ratio is 26.67%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on CCL shares. Susquehanna dropped their target price on shares of Carnival from $40.00 to $30.00 and set a “positive” rating on the stock in a research report on Monday, March 23rd. Citigroup boosted their price target on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday. Mizuho increased 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. Morgan Stanley raised Carnival from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $33.00 to $31.00 in a research note on Thursday, March 19th. Finally, Barclays lowered their target price on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.
View Our Latest Analysis on Carnival
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.
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