Pinnacle Wealth Planning Services Inc. Increases Holdings in Carnival Corporation $CCL

Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Carnival Corporation (NYSE:CCL) by 33.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,541 shares of the company’s stock after acquiring an additional 3,615 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Carnival were worth $409,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Causeway Capital Management LLC acquired a new position in Carnival in the first quarter valued at approximately $518,816,000. Nuveen LLC purchased a new stake in shares of Carnival during the 1st quarter worth approximately $432,718,000. 59 North Capital Management LP acquired a new position in shares of Carnival in the 1st quarter valued at $69,303,000. AGF Management Ltd. boosted its holdings in shares of Carnival by 14,603.8% in the 1st quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock valued at $56,075,000 after buying an additional 2,851,692 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Carnival by 24.7% in the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock valued at $253,211,000 after buying an additional 2,566,148 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Performance

Shares of CCL stock opened at $25.77 on Wednesday. The stock’s 50-day moving average price is $28.84 and its 200 day moving average price is $27.67. 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 stock has a market capitalization of $30.08 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80.

Carnival (NYSE:CCL) last posted its quarterly earnings data 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 return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period last year, the firm earned $1.27 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, equities research analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCL. Morgan Stanley boosted their price target on shares of Carnival from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Bank of America lifted their target price on Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Melius Research upped their target price on Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Tigress Financial raised their price target on Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, TD Cowen initiated coverage on Carnival in a research report on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price target on the stock. 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

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.