U S Global Investors Inc. Raises Stock Position in Carnival Corporation $CCL

U S Global Investors Inc. raised its stake in shares of Carnival Corporation (NYSE:CCL) by 17.0% during the second quarter, Holdings Channel reports. The firm owned 86,000 shares of the company’s stock after buying an additional 12,500 shares during the quarter. U S Global Investors Inc.’s holdings in Carnival were worth $2,418,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. REAP Financial Group LLC grew its position in shares of Carnival by 10.5% in the 2nd quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock worth $103,000 after buying an additional 349 shares during the period. Eagle Wealth Strategies LLC grew its position in shares of Carnival by 1.4% in the 2nd quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock worth $730,000 after buying an additional 369 shares during the period. 1834 Investment Advisors Co. grew its position in shares of Carnival by 1.6% in the 2nd quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company’s stock worth $674,000 after buying an additional 372 shares during the period. Greenleaf Trust grew its position in shares of Carnival by 3.1% in the 2nd quarter. Greenleaf Trust now owns 14,547 shares of the company’s stock worth $409,000 after buying an additional 443 shares during the period. Finally, Encompass Wealth Advisors LLC grew its position in shares of Carnival by 2.9% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 16,545 shares of the company’s stock worth $465,000 after buying an additional 466 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Stock Performance

Shares of Carnival stock opened at $27.71 on Friday. The stock has a market cap of $32.35 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.60 and a beta of 2.68. The firm’s 50-day moving average is $30.31 and its 200 day moving average is $25.73. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Argus reduced their target price on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. JPMorgan Chase & Co. upped their target price on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, September 15th. Tigress Financial upped their target price on shares of Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Barclays upped their price target on shares of Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and an average price target of $32.90.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were 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 represents a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.60% of the company’s stock.

About Carnival

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.