11,760 Shares in Carnival Corporation $CCL Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC acquired a new stake in Carnival Corporation (NYSE:CCL) during the 2nd quarter, HoldingsChannel reports. The firm acquired 11,760 shares of the company’s stock, valued at approximately $331,000.

Other large investors have also bought and sold shares of the company. State of Michigan Retirement System grew its stake in shares of Carnival by 9.9% during the 2nd quarter. State of Michigan Retirement System now owns 312,244 shares of the company’s stock worth $8,780,000 after acquiring an additional 28,000 shares during the period. AustralianSuper Pty Ltd bought a new stake in Carnival in the 2nd quarter valued at about $37,880,000. New Century Financial Group LLC lifted its holdings in 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 during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Carnival by 30.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 100,983 shares of the company’s stock worth $2,840,000 after purchasing an additional 23,866 shares during the period. Finally, Convergence Investment Partners LLC purchased a new position in shares of Carnival in the second quarter worth about $734,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCL. Wells Fargo & Company began coverage on shares of Carnival in a research note on Tuesday, November 18th. They set an “overweight” rating and a $37.00 price target on the stock. Morgan Stanley boosted their target price on shares of Carnival from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Stifel Nicolaus lifted their price target on Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.70.

Carnival Stock Down 0.9%

CCL opened at $25.48 on Thursday. The firm has a market capitalization of $29.75 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. Carnival Corporation has a one year low of $15.07 and a one year high of $32.80. The company has a fifty day moving average price of $28.14 and a 200-day moving average price of $27.86. 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 issued its quarterly earnings data 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. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter last year, the business posted $1.27 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Equities research analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

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.