Applied Finance Capital Management LLC Acquires Shares of 34,789 Carnival Corporation $CCL

Key Points

• Applied Finance Capital Management LLC has acquired 34,789 shares of Carnival Corporation ($CCL), valued at approximately $978,000, during the second quarter.
• Analyst ratings for Carnival have shown a positive trend, with Zacks raising it to a strong-buy rating and a consensus price target of $33.00 among various brokerages.
• Carnival reported an EPS of $1.43 for the last quarter, exceeding expectations, and its quarterly revenue was up 3.3% year-over-year.

Applied Finance Capital Management LLC acquired a new stake in shares of Carnival Corporation (NYSE:CCL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 34,789 shares of the company's stock, valued at approximately $978,000.

A number of other large investors have also recently added to or reduced their stakes in CCL. New Century Financial Group LLC raised its holdings in shares of Carnival by 375.7% during the second quarter. New Century Financial Group LLC now owns 72,140 shares of the company's stock worth $2,029,000 after purchasing an additional 56,976 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Carnival by 31.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company's stock worth $2,427,000 after purchasing an additional 28,890 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of Carnival by 6.2% during the first quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company's stock worth $3,399,000 after purchasing an additional 10,739 shares during the period. Mount Lucas Management LP raised its holdings in shares of Carnival by 42.5% during the first quarter. Mount Lucas Management LP now owns 65,754 shares of the company's stock worth $1,284,000 after purchasing an additional 19,601 shares during the period. Finally, Personal CFO Solutions LLC acquired a new stake in shares of Carnival during the first quarter worth $196,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CCL. Zacks Research raised shares of Carnival from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. TD Cowen started coverage on shares of Carnival in a report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 target price on the stock. Loop Capital reaffirmed a "hold" rating and issued a $22.00 price objective on shares of Carnival in a report on Monday, June 23rd. Stifel Nicolaus increased their price objective on shares of Carnival from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Finally, Truist Financial increased their price objective on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

Carnival Stock Up 0.3%

Carnival stock opened at $28.31 on Friday. The stock has a market cap of $33.05 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.60 and a beta of 2.68. 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's 50-day moving average price is $30.24 and its two-hundred day moving average price is $26.02. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. The firm had revenue of $8.15 billion for the quarter, compared to analysts' expectations 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 last year, the company earned $1.27 EPS. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, analysts expect 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 firm'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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.60% of the company's stock.

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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