Banco Bilbao Vizcaya Argentaria S.A. Has $3.85 Million Stock Holdings in Carnival Corporation $CCL

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Carnival Corporation (NYSE:CCL) by 216.9% during the first quarter, HoldingsChannel reports. The fund owned 197,280 shares of the company’s stock after purchasing an additional 135,033 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Carnival were worth $3,845,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. SouthState Corp increased its stake in shares of Carnival by 9.8% in the first quarter. SouthState Corp now owns 5,976 shares of the company’s stock worth $117,000 after acquiring an additional 531 shares during the last quarter. KBC Group NV increased its position in Carnival by 0.8% during the first quarter. KBC Group NV now owns 73,391 shares of the company’s stock worth $1,433,000 after buying an additional 553 shares during the last quarter. Fielder Capital Group LLC increased its position in Carnival by 5.0% during the first quarter. Fielder Capital Group LLC now owns 12,843 shares of the company’s stock worth $251,000 after buying an additional 615 shares during the last quarter. Commerce Bank increased its position in Carnival by 2.8% during the first quarter. Commerce Bank now owns 23,027 shares of the company’s stock worth $450,000 after buying an additional 620 shares during the last quarter. Finally, Kentucky Retirement Systems increased its position in Carnival by 0.9% during the first quarter. Kentucky Retirement Systems now owns 70,058 shares of the company’s stock worth $1,368,000 after buying an additional 638 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Stock Down 1.1%

CCL stock opened at $29.2440 on Thursday. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $31.01. The company has a 50-day moving average of $28.24 and a two-hundred day moving average of $23.87. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.66 and a beta of 2.70.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, equities research analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Insider Buying and Selling at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CCL. Wall Street Zen raised shares of Carnival from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Zacks Research downgraded shares of Carnival from a “strong-buy” rating to a “hold” rating in a research report on Monday. Loop Capital reissued a “hold” rating and set a $22.00 target price on shares of Carnival in a research report on Monday, June 23rd. Mizuho increased their target price on shares of Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 25th. Finally, Tigress Financial upped their price target on shares of Carnival from $32.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.71.

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.