7,500 Shares in Carnival Corporation $CCL Purchased by Arista Wealth Management LLC

Arista Wealth Management LLC bought a new position in shares of Carnival Corporation (NYSE:CCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,500 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Carnival during the second quarter worth approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Carnival during the first quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Carnival during the first quarter worth approximately $26,000. Zions Bancorporation National Association UT purchased a new position in shares of Carnival during the first quarter worth approximately $35,000. Finally, Wealthquest Corp purchased a new position in shares of Carnival during the first quarter worth approximately $36,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction that occurred 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 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 company insiders.

Carnival Price Performance

NYSE CCL opened at $28.31 on Friday. 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 firm’s 50 day moving average price is $30.24 and its 200-day moving average price is $26.02. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The company has a market cap of $33.05 billion, a PE ratio of 14.74, a P/E/G ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL) last announced its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.11. The company had revenue of $8.15 billion during 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%. Carnival’s revenue was up 3.3% compared to the same quarter last year. During the same period last 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. Sell-side analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCL. Melius Research raised their target price on shares of Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. UBS Group set a $35.00 target price on shares of Carnival and gave the stock a “buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Bank of America increased their price objective on shares of Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Loop Capital reiterated a “hold” rating and set a $22.00 price objective on shares of Carnival in a research note on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.