Carnival Corporation $CCL Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its position in shares of Carnival Corporation (NYSE:CCL) by 153.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,469 shares of the company’s stock after buying an additional 17,252 shares during the quarter. Simplicity Wealth LLC’s holdings in Carnival were worth $801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCL. N.E.W. Advisory Services LLC acquired a new stake in Carnival during the first quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carnival in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Carnival in the second quarter valued at about $28,000. Banque Transatlantique SA acquired a new stake in shares of Carnival in the first quarter valued at about $33,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Carnival in the first quarter valued at about $35,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival 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 completion of the sale, the director directly owned 64,406 shares in the company, valued at $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CCL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a research report on Saturday, September 27th. Mizuho lifted their target price 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. Wall Street Zen lowered shares of Carnival from a “buy” rating to a “hold” rating in a research report on Saturday. Melius Research lifted their target price on shares of Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, Truist Financial raised their price target on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Carnival currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.90.

Carnival Price Performance

Shares of CCL stock opened at $28.67 on Wednesday. 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 firm’s 50-day moving average is $30.39 and its two-hundred day moving average is $25.62. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $32.80. The company has a market capitalization of $33.48 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.61 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 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 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. Carnival’s quarterly 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. Analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Carnival 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.