TD Asset Management Inc Sells 186,324 Shares of Carnival Corporation $CCL

TD Asset Management Inc trimmed its stake in shares of Carnival Corporation (NYSE:CCL) by 24.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 588,068 shares of the company’s stock after selling 186,324 shares during the period. TD Asset Management Inc’s holdings in Carnival were worth $16,536,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. New Century Financial Group LLC grew its position in shares of Carnival by 375.7% during the second quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock valued at $2,029,000 after purchasing an additional 56,976 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Carnival by 31.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock worth $2,427,000 after acquiring an additional 28,890 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Carnival by 6.2% during the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock worth $3,399,000 after acquiring an additional 10,739 shares in the last quarter. Mount Lucas Management LP boosted its position in shares of Carnival by 42.5% during the 1st quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock valued at $1,284,000 after acquiring an additional 19,601 shares during the last quarter. Finally, Personal CFO Solutions LLC purchased a new position in shares of Carnival in the first quarter valued at $196,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

Carnival stock opened at $28.31 on Friday. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The firm has a 50-day moving average price of $30.24 and a 200-day moving average price of $26.02. The firm has a market capitalization 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.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping 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 company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same period in the prior year, the company posted $1.27 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, equities research analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

Insider Activity

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm’s 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 completion of the sale, the director directly owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.60% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of recent research reports. Stifel Nicolaus upped their price target on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Loop Capital restated a “hold” rating and set a $22.00 target price on shares of Carnival in a research report on Monday, June 23rd. Mizuho lifted their price target on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Susquehanna boosted their price objective on Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a research note on Tuesday, September 30th. Finally, Argus lowered their price objective on Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Carnival currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

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.