Drake & Associates LLC Makes New $246,000 Investment in Carnival Corporation $CCL

Drake & Associates LLC acquired a new stake in Carnival Corporation (NYSE:CCL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,745 shares of the company’s stock, valued at approximately $246,000.

Other large investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in Carnival in the first quarter valued at $25,000. Graybill Wealth Management LTD. bought a new position in shares of Carnival in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Carnival in the 2nd quarter valued at about $28,000. Banque Transatlantique SA bought a new stake in shares of Carnival during the 1st quarter valued at about $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.

Carnival Stock Up 1.7%

Carnival stock opened at $29.05 on Tuesday. The firm has a market capitalization of $33.92 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.60 and a beta of 2.68. The firm’s fifty day moving average price is $30.41 and its two-hundred day moving average price is $25.60. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last posted its earnings results on Monday, September 29th. The company reported $1.43 earnings per share 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 analyst estimates of $8.09 billion. During the same quarter in the prior year, the business posted $1.27 EPS. The firm’s 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. On average, equities research analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the firm’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 value of $371,875.00. Following the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen lowered Carnival from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup boosted their target price on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Zacks Research cut shares of Carnival from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. JPMorgan Chase & Co. upped their price objective on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, September 15th. Finally, Morgan Stanley increased their price objective on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and a consensus price target 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.