Geneos Wealth Management Inc. Purchases 2,548 Shares of Carnival Corporation $CCL

Geneos Wealth Management Inc. boosted its holdings in Carnival Corporation (NYSE:CCL) by 17.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,338 shares of the company’s stock after buying an additional 2,548 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Carnival were worth $339,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CCL. N.E.W. Advisory Services LLC acquired a new stake in Carnival in the first quarter valued at $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Carnival in the 1st quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in shares of Carnival in the 4th quarter valued at about $30,000. Banque Transatlantique SA acquired a new stake in shares of Carnival in the first quarter valued at about $33,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Carnival during the first quarter worth about $35,000. 67.19% of the stock is owned by institutional investors.

Carnival Trading Down 0.9%

NYSE:CCL opened at $31.22 on Tuesday. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The stock’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $24.61. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The company has a market cap of $36.45 billion, a P/E ratio of 16.88, a P/E/G ratio of 0.70 and a beta of 2.70.

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

Analyst Ratings Changes

A number of research firms have weighed in on CCL. JPMorgan Chase & Co. increased their target price on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research report on Monday. Loop Capital reiterated a “hold” rating and set a $22.00 price objective on shares of Carnival in a research report on Monday, June 23rd. Melius Research lifted their target price on shares of Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Research cut shares of Carnival from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Stifel Nicolaus increased their price target on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Carnival has a consensus rating of “Moderate Buy” and an average target price of $31.42.

Insider Activity

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated 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 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. Corporate insiders own 7.60% of the company’s stock.

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.