Carnival Corporation $CCL Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC cut its holdings in Carnival Corporation (NYSE:CCL) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,852 shares of the company’s stock after selling 975 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Carnival were worth $277,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in Carnival during the first quarter worth approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in Carnival during the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Carnival during the second quarter worth approximately $28,000. Banque Transatlantique SA acquired a new stake in Carnival during the first quarter worth approximately $33,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Carnival during the first quarter worth approximately $35,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the firm’s 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 owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.60% of the company’s stock.

Carnival Stock Performance

NYSE:CCL opened at $27.71 on Friday. The firm’s 50 day moving average is $30.31 and its two-hundred day moving average is $25.77. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The company has a market cap of $32.35 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.58 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, 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 business 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 firm posted $1.27 EPS. The business’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. Analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Ratings Changes

CCL has been the topic of a number of analyst reports. Truist Financial raised their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research report on Monday, July 21st. Zacks Research upgraded shares of Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Stifel Nicolaus raised their target price on shares of Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research report on Wednesday. Finally, UBS Group set a $35.00 price target on shares of Carnival and gave the stock a “buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.90.

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.