Chevy Chase Trust Holdings LLC Boosts Stock Holdings in Carnival Corporation $CCL

Chevy Chase Trust Holdings LLC grew its position in shares of Carnival Corporation (NYSE:CCL) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 554,577 shares of the company’s stock after acquiring an additional 5,064 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Carnival were worth $15,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in Carnival during the 2nd quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new position in Carnival during the 1st quarter worth $25,000. Graybill Wealth Management LTD. purchased a new position in Carnival during the 1st quarter worth $26,000. Zions Bancorporation National Association UT purchased a new position in Carnival during the 1st quarter worth $35,000. Finally, Wealthquest Corp purchased a new position in Carnival during the 1st quarter worth $36,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial lifted their price objective on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Monday, July 21st. Tigress Financial boosted their price target on shares of Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group set a $35.00 price target on shares of Carnival and gave the stock a “buy” rating in a report on Wednesday, October 1st. Morgan Stanley boosted their price target on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Finally, Zacks Research raised shares of Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.00.

Carnival Trading Up 0.3%

Shares of Carnival stock opened at $28.31 on Friday. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The stock’s 50-day simple moving average is $30.24 and its 200 day simple moving average is $26.06. The stock has a market capitalization of $33.05 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.60 and a beta of 2.68. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.15 billion for 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 firm’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, research analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

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.