Bessemer Group Inc. Sells 1,785,087 Shares of Carnival Corporation $CCL

Bessemer Group Inc. reduced its holdings in Carnival Corporation (NYSE:CCL) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,362,926 shares of the company’s stock after selling 1,785,087 shares during the quarter. Carnival accounts for about 1.3% of Bessemer Group Inc.’s investment portfolio, making the stock its 11th largest holding. Bessemer Group Inc.’s holdings in Carnival were worth $797,565,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. New Century Financial Group LLC increased its holdings in shares of Carnival by 375.7% in the second quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock worth $2,029,000 after acquiring an additional 56,976 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Carnival by 31.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock worth $2,427,000 after buying an additional 28,890 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Carnival by 6.2% during the first quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock worth $3,399,000 after buying an additional 10,739 shares during the period. Mount Lucas Management LP boosted its position in shares of Carnival by 42.5% during the first quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock worth $1,284,000 after buying an additional 19,601 shares during the period. Finally, Personal CFO Solutions LLC acquired a new position in shares of Carnival during the first quarter worth about $196,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCL. Bank of America upped their price objective on Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Barclays upped their target price on Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a report on Friday. Mizuho upped their target price on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Finally, TD Cowen assumed coverage on Carnival in a report on Tuesday, July 22nd. They set a “buy” rating and a $36.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carnival has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Carnival Price Performance

NYSE:CCL opened at $29.40 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The stock’s 50 day moving average price is $30.22 and its two-hundred day moving average price is $26.56. The firm has a market capitalization of $34.32 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 0.60 and a beta of 2.68. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80.

Carnival (NYSE:CCL) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. The firm had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 earnings per share. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.60% of the company’s stock.

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.