Apollon Wealth Management LLC Has $808,000 Stock Position in Carnival Corporation $CCL

Apollon Wealth Management LLC increased its position in shares of Carnival Corporation (NYSE:CCL) by 20.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,721 shares of the company’s stock after purchasing an additional 4,921 shares during the quarter. Apollon Wealth Management LLC’s holdings in Carnival were worth $808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Causeway Capital Management LLC purchased a new position in Carnival during the first quarter worth about $518,816,000. Nuveen LLC purchased a new position in Carnival during the first quarter worth about $432,718,000. 59 North Capital Management LP purchased a new position in Carnival during the first quarter worth about $69,303,000. AGF Management Ltd. boosted its holdings in Carnival by 14,603.8% during the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock worth $56,075,000 after purchasing an additional 2,851,692 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Carnival by 24.7% during the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock worth $253,211,000 after purchasing an additional 2,566,148 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sir Jonathon Band sold 12,500 shares of the business’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 sale, the director owned 64,406 shares of the company’s stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.60% of the stock is currently owned by company insiders.

Carnival Stock Performance

NYSE CCL opened at $28.86 on Thursday. The company’s 50 day moving average is $30.26 and its 200-day moving average is $25.90. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. 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 firm has a market cap of $33.69 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 0.61 and a beta of 2.68.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (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 company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company’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. Sell-side analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCL. Loop Capital restated a “hold” rating and set a $22.00 price target on shares of Carnival in a report on Monday, June 23rd. Susquehanna boosted their target price on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a research note on Tuesday, September 30th. UBS Group set a $35.00 target price on shares of Carnival and gave the company a “buy” rating in a research note on Wednesday, October 1st. Mizuho boosted their target price on shares of Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Finally, Bank of America boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.