Infusive Asset Management Inc. Buys 39,874 Shares of Carnival Corporation $CCL

Infusive Asset Management Inc. increased its holdings in shares of Carnival Corporation (NYSE:CCL) by 42.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 134,568 shares of the company’s stock after buying an additional 39,874 shares during the quarter. Carnival comprises about 1.8% of Infusive Asset Management Inc.’s portfolio, making the stock its 27th largest holding. Infusive Asset Management Inc.’s holdings in Carnival were worth $4,110,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Entropy Technologies LP lifted its stake in shares of Carnival by 211.6% during the 4th quarter. Entropy Technologies LP now owns 326,568 shares of the company’s stock worth $9,973,000 after acquiring an additional 221,763 shares during the last quarter. Ariadne Wealth Management LP bought a new stake in shares of Carnival during the 4th quarter worth approximately $225,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Carnival by 21.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,930,139 shares of the company’s stock worth $150,566,000 after acquiring an additional 872,127 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Carnival during the 4th quarter worth approximately $164,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Carnival by 5.1% during the 4th quarter. Kestra Advisory Services LLC now owns 152,811 shares of the company’s stock worth $4,667,000 after acquiring an additional 7,440 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director owned 52,601 shares in the company, valued at $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 55,058 shares of company stock worth $1,524,195 over the last quarter. Company insiders own 7.90% of the company’s stock.

Key Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Stifel raised its price target on Carnival and said it remains confident in the company’s financial outlook, a clear catalyst supporting the stock. Carnival (CCL) Stock Is Up, What You Need To Know
• Positive Sentiment: Jim Cramer said he likes Carnival and highlighted its low valuation, which may have reinforced the market’s view that the stock still looks inexpensive relative to fundamentals. Jim Cramer Says He Likes Carnival But Leans More Toward Viking Holdings
• Neutral Sentiment: Carnival scheduled a conference call for its second-quarter earnings on June 23, which keeps investor focus on upcoming results but does not by itself change the outlook. CARNIVAL CORPORATION LTD. TO HOLD CONFERENCE CALL ON SECOND QUARTER EARNINGS
• Neutral Sentiment: Several articles this week discussed Carnival as a potentially attractive consumer cyclical stock, adding to broader interest but offering no new company-specific operating update. Is Carnival Corporation Ltd. (CCL) A Good Stock To Buy Now?
• Negative Sentiment: Some commentary still suggested Carnival is less preferred than rival Viking Holdings, which could temper enthusiasm at the margin. Jim Cramer Says He Likes Carnival But Leans More Toward Viking Holdings

Carnival Trading Up 3.6%

Shares of NYSE:CCL opened at $29.14 on Friday. Carnival Corporation has a 12-month low of $22.11 and a 12-month high of $34.03. The business’s fifty day simple moving average is $26.84 and its 200-day simple moving average is $28.12. The company has a market capitalization of $36.11 billion, a PE ratio of 12.95, a P/E/G ratio of 1.29 and a beta of 2.32. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the business posted $0.13 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts predict 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 $0.15 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s dividend payout ratio (DPR) is currently 26.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. HSBC raised Carnival from a “hold” rating to a “buy” rating and decreased their price target for the stock from $33.60 to $30.10 in a research note on Monday, March 30th. William Blair reissued an “outperform” rating on shares of Carnival in a research note on Tuesday, March 3rd. Loop Capital assumed coverage on Carnival in a research note on Monday, June 1st. They set a “buy” rating and a $36.00 price target for the company. Zacks Research raised Carnival from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Wall Street Zen lowered Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.85.

Carnival Company Profile

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.