Venturi Wealth Management LLC Invests $283,000 in Carnival Corporation $CCL

Venturi Wealth Management LLC acquired a new position in Carnival Corporation (NYSE:CCL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,050 shares of the company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tcfg Wealth Management LLC purchased a new position in shares of Carnival in the 2nd quarter worth approximately $272,000. Drake & Associates LLC purchased a new position in shares of Carnival in the 2nd quarter worth approximately $246,000. Belpointe Asset Management LLC purchased a new position in shares of Carnival in the 2nd quarter worth approximately $243,000. DAVENPORT & Co LLC grew its position in shares of Carnival by 7.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 13,937 shares of the company’s stock worth $392,000 after buying an additional 917 shares during the last quarter. Finally, Beacon Financial Advisory LLC acquired a new stake in Carnival in the 2nd quarter worth approximately $238,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Stock Performance

Shares of NYSE CCL opened at $27.71 on Friday. 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 Corporation has a 12 month low of $15.07 and a 12 month high of $32.80. The company has a 50 day simple moving average of $30.31 and a two-hundred day simple moving average of $25.73. The stock has a market cap of $32.35 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL) last announced 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. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The business had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period in the previous year, the business posted $1.27 EPS. The business’s quarterly 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. As a group, analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CCL shares. Barclays lifted 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carnival in a research note on Wednesday. Mizuho lifted 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. Wall Street Zen cut shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Truist Financial lifted their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.90.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the transaction, the director directly owned 64,406 shares of the company’s stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.60% of the stock is currently owned by company insiders.

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.