WealthTrust Asset Management LLC Makes New $898,000 Investment in Carnival Corporation $CCL

WealthTrust Asset Management LLC purchased a new position in shares of Carnival Corporation (NYSE:CCL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,407 shares of the company’s stock, valued at approximately $898,000.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Wealth LLC lifted its stake in Carnival by 46.3% in the fourth quarter. NewEdge Wealth LLC now owns 51,423 shares of the company’s stock worth $1,570,000 after acquiring an additional 16,284 shares during the period. Crossmark Global Holdings Inc. increased its position in Carnival by 31.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 35,728 shares of the company’s stock valued at $1,091,000 after purchasing an additional 8,544 shares during the period. Ethic Inc. raised its holdings in shares of Carnival by 13.5% in the 4th quarter. Ethic Inc. now owns 48,521 shares of the company’s stock valued at $1,482,000 after purchasing an additional 5,764 shares in the last quarter. ASR Vermogensbeheer N.V. raised its holdings in shares of Carnival by 37.8% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 121,530 shares of the company’s stock valued at $3,712,000 after purchasing an additional 33,337 shares in the last quarter. Finally, MGO One Seven LLC lifted its position in shares of Carnival by 9.0% in the 4th quarter. MGO One Seven LLC now owns 21,086 shares of the company’s stock worth $644,000 after purchasing an additional 1,744 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Trading Down 2.2%

NYSE CCL opened at $26.40 on Friday. Carnival Corporation has a 52 week low of $19.92 and a 52 week high of $34.03. The company has a 50 day moving average price of $26.75 and a 200 day moving average price of $28.29. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. The firm has a market cap of $32.70 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.17 and a beta of 2.33.

Carnival (NYSE:CCL) last announced its earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the firm earned $0.13 earnings per share. Carnival’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Carnival Corporation will post 2.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CCL. Truist Financial dropped their price objective on shares of Carnival from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 24th. Susquehanna lowered their target price on Carnival from $40.00 to $30.00 and set a “positive” rating for the company in a report on Monday, March 23rd. UBS Group dropped their target price on Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Weiss Ratings raised Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Finally, Mizuho upped their price objective on Carnival from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Twenty research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.37.

Trending Headlines about Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival announced a quarterly dividend of $0.15 per share, signaling continued shareholder returns and reinforcing confidence in cash generation. CARNIVAL CORPORATION DECLARES DIVIDEND
• Positive Sentiment: The company completed its long-planned unification of its dual-listed structure and redomiciled to Bermuda, a move that may simplify the corporate structure and improve operational flexibility. Carnival Corporation & plc Completes Unification of Dual Listed Company Structure and Redomiciliation to Bermuda
• Positive Sentiment: Management is also highlighting a digital overhaul that uses AI-driven supply chain and maintenance tools, which could improve efficiency and support long-term margin upside. Carnival Digital Overhaul Links AI Supply Chain To Valuation Upside
• Neutral Sentiment: Holland America Line opened bookings for newly renovated Oosterdam itineraries, adding to Carnival’s cruise offerings, but this appears to be a routine commercial update with limited near-term stock impact. Newly Renovated Oosterdam to Cruise Europe, the Caribbean and Panama Canal
• Negative Sentiment: News of a rare hantavirus outbreak is pressuring cruise-related travel sentiment, raising concerns that some potential customers may delay or cancel trips. RCL, NCLH, CCL: Cruise stocks get hit as rare hantavirus outbreak sparks travel fears
• Negative Sentiment: Options activity showed elevated put buying in Carnival, suggesting some traders are positioning for further downside or hedging near-term risk. Carnival Unifies Dual Structure Under Single Bermuda Entity

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 11,988 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the sale, the director owned 52,601 shares of the company’s stock, valued at $1,377,620.19. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.90% of the stock is owned by insiders.

About Carnival

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.