Cabot Wealth Management Inc. Takes Position in Carnival Corporation $CCL

Cabot Wealth Management Inc. bought a new stake in shares of Carnival Corporation (NYSE:CCL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 40,964 shares of the company’s stock, valued at approximately $1,152,000.

Several other hedge funds have also bought and sold shares of CCL. GAMMA Investing LLC lifted its position in Carnival by 14.5% during the first 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Carnival by 12.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 151,216 shares of the company’s stock valued at $2,953,000 after purchasing an additional 16,391 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Carnival during the first quarter valued at approximately $328,000. Oppenheimer Asset Management Inc. bought a new stake in Carnival during the first quarter valued at approximately $1,506,000. Finally, Asset Management One Co. Ltd. lifted its position in Carnival by 5.4% during the first quarter. Asset Management One Co. Ltd. now owns 421,561 shares of the company’s stock valued at $8,233,000 after purchasing an additional 21,496 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Stock Down 0.1%

Shares of NYSE CCL opened at $29.40 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The firm’s fifty day moving average is $30.22 and its 200 day moving average is $26.51. The company has a market cap of $34.32 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL) last issued its earnings results on Monday, September 29th. The company reported $1.43 EPS 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 for the quarter, compared to the consensus estimate of $8.09 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts expect that Carnival Corporation will post 1.77 earnings per share for the current year.

Insider Activity at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCL. Truist Financial lifted their target price on shares of Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a research report on Monday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Carnival in a research note on Friday. Zacks Research raised shares of Carnival from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price target on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. Finally, Wall Street Zen downgraded shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.