Sovran Advisors LLC Invests $234,000 in Carnival Corporation $CCL

Sovran Advisors LLC acquired a new stake in shares of Carnival Corporation (NYSE:CCL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,121 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Carnival by 2.1% in the first quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock worth $2,333,947,000 after acquiring an additional 2,410,188 shares during the last quarter. Causeway Capital Management LLC bought a new stake in Carnival during the first quarter worth approximately $518,816,000. Nuveen LLC purchased a new position in shares of Carnival during the 1st quarter valued at $432,718,000. Invesco Ltd. raised its position in shares of Carnival by 24.7% during the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock valued at $253,211,000 after buying an additional 2,566,148 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Carnival by 16.8% during the first quarter. Northern Trust Corp now owns 12,425,707 shares of the company’s stock valued at $242,674,000 after purchasing an additional 1,787,015 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the company’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 completion of the sale, the director owned 64,406 shares of the company’s stock, 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 is accessible through this link. 7.60% of the stock is owned by insiders.

Carnival Stock Down 2.8%

NYSE:CCL opened at $30.56 on Friday. The stock’s fifty day simple moving average is $30.40 and its 200-day simple moving average is $24.84. The firm has a market capitalization of $35.68 billion, a P/E ratio of 16.52, a P/E/G ratio of 0.68 and a beta of 2.70. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business earned $0.11 earnings per share. The company’s revenue for the quarter 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. Equities research analysts expect that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Tigress Financial upped their price objective on shares of Carnival from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. TD Cowen assumed coverage on Carnival in a research report on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price objective for the company. Melius Research increased their target price on Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Zacks Research lowered Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Citigroup raised their price objective on shares of Carnival from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Carnival has an average rating of “Moderate Buy” and an average target price of $31.63.

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.