12,389 Shares in Carnival Corporation $CCL Acquired by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC has acquired a new position in Carnival Corporation, purchasing 12,389 shares valued at approximately $381,000 during the second quarter.
• Several hedge funds, including N.E.W. Advisory Services LLC and Wealthquest Corp, have also made new investments in Carnival, contributing to institutional investors owning 67.19% of the company's stock.
• Analysts have upgraded Carnival's stock ratings, with Truist Financial raising the price target to $31.00 and Zacks Research moving it to a "strong-buy," indicating strong market confidence.

Chicago Partners Investment Group LLC bought a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,389 shares of the company's stock, valued at approximately $381,000.

Other hedge funds have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in Carnival during the second quarter worth approximately $28,000. N.E.W. Advisory Services LLC acquired a new stake in Carnival during the first quarter worth approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in Carnival during the first quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new stake in Carnival during the first quarter worth approximately $35,000. Finally, Wealthquest Corp purchased a new position in Carnival during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on 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 of the company's stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial increased their price target on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. UBS Group set a $35.00 price target on shares of Carnival and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Melius Research increased their price target on shares of Carnival from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Barclays increased their price target on shares of Carnival from $33.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 17th. Finally, Zacks Research raised shares of Carnival from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Carnival presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

Carnival Stock Performance

Shares of CCL stock opened at $29.46 on Friday. The company's fifty day simple moving average is $30.23 and its 200-day simple moving average is $26.36. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The company has a market cap of $34.39 billion, a PE ratio of 15.34, a P/E/G ratio of 0.63 and a beta of 2.68.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The firm had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. 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, equities research analysts anticipate that Carnival Corporation will post 1.77 EPS 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.

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