Parallel Advisors LLC Sells 859 Shares of Carnival Corporation $CCL

Parallel Advisors LLC lessened its stake in Carnival Corporation (NYSE:CCL) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,757 shares of the company’s stock after selling 859 shares during the period. Parallel Advisors LLC’s holdings in Carnival were worth $218,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in Carnival in the 1st quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new position in Carnival in the 1st quarter worth approximately $26,000. Banque Transatlantique SA bought a new position in Carnival in the 1st quarter worth approximately $33,000. Zions Bancorporation National Association UT bought a new position in Carnival in the 1st quarter worth approximately $35,000. Finally, Dunhill Financial LLC raised its position in Carnival by 1,125.0% in the 1st quarter. Dunhill Financial LLC now owns 1,862 shares of the company’s stock worth $36,000 after purchasing an additional 1,710 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Trading Down 2.8%

CCL opened at $30.56 on Monday. The stock 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. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $32.80. The firm’s fifty day simple moving average is $30.40 and its 200 day simple moving average is $24.87. 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 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. 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, research analysts anticipate that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

CCL has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Barclays lifted their target price on shares of Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. Bank of America lifted their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Zacks Research lowered shares of Carnival from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, Mizuho lifted their target price on shares of Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.63.

About Carnival

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.