Avidian Wealth Enterprises LLC Grows Stock Holdings in Carnival Corporation $CCL

Avidian Wealth Enterprises LLC grew its holdings in Carnival Corporation (NYSE:CCL) by 5.7% during the second quarter, HoldingsChannel.com reports. The fund owned 10,616 shares of the company’s stock after purchasing an additional 571 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Carnival were worth $299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CCL. GAMMA Investing LLC increased its holdings in Carnival by 14.5% in the 1st quarter. GAMMA Investing LLC now owns 23,757 shares of the company’s stock valued at $464,000 after purchasing an additional 3,005 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Carnival by 12.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 151,216 shares of the company’s stock worth $2,953,000 after buying an additional 16,391 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Carnival in the first quarter valued at about $328,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Carnival during the 1st quarter valued at about $1,506,000. Finally, Asset Management One Co. Ltd. lifted its position in Carnival by 5.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 421,561 shares of the company’s stock worth $8,233,000 after acquiring an additional 21,496 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 7.60% of the stock is owned by insiders.

Carnival Trading Down 1.8%

CCL opened at $29.46 on Friday. Carnival Corporation has a 12-month low of $15.07 and a 12-month 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. The stock has a market capitalization of $34.39 billion, a PE ratio of 15.34, a P/E/G ratio of 0.63 and a beta of 2.68. The firm’s fifty day moving average price is $30.23 and its 200 day moving average price is $26.36.

Carnival (NYSE:CCL) last released its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. The company’s revenue was up 3.3% on a year-over-year basis. 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, research analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on CCL. Mizuho increased their price objective on shares of Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Tigress Financial upped their target price on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Wall Street Zen lowered shares of Carnival from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. Finally, Susquehanna upped their price objective on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Carnival Company Profile

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.