Aaron Wealth Advisors LLC Purchases New Position in Carnival Corporation $CCL

Key Points

• Aaron Wealth Advisors LLC has acquired 16,386 shares of Carnival Corporation, valued at approximately $461,000, marking a new investment in the company.
• Institutional investors collectively own 67.19% of Carnival's stock, with notable positions increasing from large firms like Vanguard Group and Invesco Ltd.
• Carnival's stock received positive ratings from analysts, including a price target increase from $27.00 to $30.00 by Susquehanna and from $34.00 to $39.00 by JPMorgan Chase & Co.

Aaron Wealth Advisors LLC acquired a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,386 shares of the company's stock, valued at approximately $461,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCL. SouthState Corp boosted its stake in Carnival by 9.8% during the first quarter. SouthState Corp now owns 5,976 shares of the company's stock worth $117,000 after acquiring an additional 531 shares in the last quarter. KBC Group NV increased its holdings in Carnival by 0.8% during the first quarter. KBC Group NV now owns 73,391 shares of the company's stock worth $1,433,000 after buying an additional 553 shares during the last quarter. Fielder Capital Group LLC boosted its position in Carnival by 5.0% during the first quarter. Fielder Capital Group LLC now owns 12,843 shares of the company's stock worth $251,000 after purchasing an additional 615 shares during the period. Commerce Bank boosted its position in Carnival by 2.8% during the first quarter. Commerce Bank now owns 23,027 shares of the company's stock worth $450,000 after purchasing an additional 620 shares during the period. Finally, Kentucky Retirement Systems boosted its position in shares of Carnival by 0.9% in the first quarter. Kentucky Retirement Systems now owns 70,058 shares of the company's stock valued at $1,368,000 after acquiring an additional 638 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm'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 transaction of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of Carnival from $33.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday. Loop Capital reiterated a "hold" rating and set a $22.00 target price on shares of Carnival in a report on Monday, June 23rd. Mizuho increased 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. Truist Financial increased their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Finally, Morgan Stanley increased their target price on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.63.

Carnival Stock Down 2.8%

CCL traded down $0.89 on Friday, hitting $30.56. The company had a trading volume of 33,314,846 shares, compared to its average volume of 16,323,354. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The stock has a fifty day simple moving average of $30.40 and a 200-day simple moving average of $24.82. The firm has a market capitalization of $35.68 billion, a P/E ratio of 16.52, a P/E/G ratio of 0.70 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 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 business 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 posted $0.11 earnings per share. Carnival's quarterly 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, equities analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

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.