Ameritas Advisory Services LLC acquired a new position in Carnival Corporation (NYSE:CCL – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,369 shares of the company’s stock, valued at approximately $151,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. N.E.W. Advisory Services LLC purchased a new stake in Carnival in the 1st quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in Carnival in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Carnival in the 2nd quarter worth approximately $28,000. Banque Transatlantique SA purchased a new stake in Carnival in the 1st quarter worth approximately $33,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Carnival in the 1st quarter worth approximately $35,000. 67.19% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director Sir Jonathon Band sold 12,500 shares of the business’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 sale, the director owned 64,406 shares of the company’s stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.60% of the stock is owned by insiders.
Carnival Price Performance
Carnival (NYSE:CCL – Get Free Report) last announced its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The firm had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The company’s revenue for the quarter 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. As a group, equities analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. UBS Group set a $35.00 price objective on shares of Carnival and gave the company a “buy” rating in a research report on Wednesday, October 1st. Citigroup raised their price objective on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research report on Monday, September 15th. Finally, Tigress Financial raised their price objective on shares of Carnival from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.90.
Check Out Our Latest Stock Analysis on CCL
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.
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