Belpointe Asset Management LLC Acquires Shares of 8,632 Carnival Corporation $CCL

Belpointe Asset Management LLC acquired a new stake in Carnival Corporation (NYSE:CCL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,632 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Century Financial Group LLC boosted its position in Carnival by 375.7% in the 2nd quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock valued at $2,029,000 after buying an additional 56,976 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Carnival by 31.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock valued at $2,427,000 after buying an additional 28,890 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Carnival by 6.2% in the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after buying an additional 10,739 shares during the last quarter. Mount Lucas Management LP boosted its position in Carnival by 42.5% in the 1st quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock valued at $1,284,000 after buying an additional 19,601 shares during the last quarter. Finally, Personal CFO Solutions LLC purchased a new position in Carnival in the 1st quarter valued at about $196,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Susquehanna upped their price objective on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a research report on Tuesday, September 30th. UBS Group set a $35.00 price objective on shares of Carnival and gave the company a “buy” rating in a research report on Wednesday, October 1st. Tigress Financial increased their price target on shares of Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Bank of America increased their price target on shares of Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, TD Cowen assumed coverage on shares of Carnival in a research report on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.90.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 12,500 shares of the 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 owned 64,406 shares in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.60% of the stock is currently owned by company insiders.

Carnival Price Performance

CCL opened at $27.71 on Friday. The firm has a market cap of $32.35 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.58 and a beta of 2.68. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The company’s 50-day moving average price is $30.31 and its 200 day moving average price is $25.77. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. The firm had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. Carnival’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 earnings per share. 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, sell-side analysts expect that Carnival Corporation will post 1.77 earnings per share 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.