Carnival Corporation $CCL Stock Holdings Trimmed by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its position in shares of Carnival Corporation (NYSE:CCL) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,338 shares of the company’s stock after selling 1,323 shares during the period. Cresset Asset Management LLC’s holdings in Carnival were worth $202,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CCL. N.E.W. Advisory Services LLC acquired a new stake in shares of Carnival during the 1st quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Carnival during the first quarter valued at $26,000. Measured Risk Portfolios Inc. bought a new stake in Carnival during the fourth quarter valued at $29,000. Orion Capital Management LLC acquired a new stake in shares of Carnival during the fourth quarter worth $30,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Carnival in the 1st quarter worth about $35,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Transactions at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.60% of the company’s stock.

Carnival Stock Up 2.1%

Carnival stock opened at $31.89 on Wednesday. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $31.91. The stock has a market cap of $37.23 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 0.70 and a beta of 2.70. The company’s 50-day moving average price is $28.85 and its two-hundred day moving average price is $23.96. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. On average, analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCL. Barclays boosted their price objective on shares of Carnival from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, June 25th. Morgan Stanley upped their target price on Carnival from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, June 26th. Citigroup boosted their price target on shares of Carnival from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Loop Capital restated a “hold” rating and set a $22.00 price target on shares of Carnival in a research report on Monday, June 23rd. Finally, Wall Street Zen upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

Carnival Company 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.