Triton Wealth Management PLLC Purchases Shares of 36,447 Carnival Corporation $CCL

Triton Wealth Management PLLC purchased a new stake in shares of Carnival Corporation (NYSE:CCL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 36,447 shares of the company’s stock, valued at approximately $1,085,000. Carnival makes up 0.5% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. REAP Financial Group LLC increased its stake in Carnival by 10.5% during the 2nd quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock valued at $103,000 after purchasing an additional 349 shares in the last quarter. Eagle Wealth Strategies LLC increased its stake in Carnival by 1.4% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock valued at $730,000 after purchasing an additional 369 shares in the last quarter. 1834 Investment Advisors Co. increased its stake in Carnival by 1.6% during the 2nd quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company’s stock valued at $674,000 after purchasing an additional 372 shares in the last quarter. Greenleaf Trust grew its stake in shares of Carnival by 3.1% in the 2nd quarter. Greenleaf Trust now owns 14,547 shares of the company’s stock worth $409,000 after acquiring an additional 443 shares in the last quarter. Finally, Encompass Wealth Advisors LLC grew its stake in shares of Carnival by 2.9% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 16,545 shares of the company’s stock worth $465,000 after acquiring an additional 466 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Argus reduced their target price on shares of Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Citigroup upped their target price on shares of Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Mizuho upped their target price on shares of Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Bank of America upped their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Barclays upped their target price on shares of Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 17th. One equities 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.90.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company’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 directly owned 64,406 shares of the company’s stock, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.60% of the stock is currently owned by company insiders.

Carnival Price Performance

Shares of NYSE:CCL opened at $28.94 on Wednesday. The company’s 50-day moving average is $30.27 and its 200 day moving average is $25.88. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The company has a market capitalization of $33.79 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 0.59 and a beta of 2.68. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80.

Carnival (NYSE:CCL) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. The business had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 earnings per share. 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 forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

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.