Atria Wealth Solutions Inc. Decreases Stock Position in Carnival Corporation $CCL

Key Points

• Atria Wealth Solutions Inc. reduced its investment in Carnival Corporation by 23.1%, now holding 40,413 shares worth approximately $1.14 million after selling 12,150 shares in the second quarter.
• Several institutional investors, including Envestnet Portfolio Solutions and Concurrent Investment Advisors, increased their holdings in Carnival during the same period, contributing to a total institutional ownership of 67.19%.
• Carnival's recent quarterly earnings topped analysts' estimates with earnings per share of $1.43 and revenue of $8.15 billion, showing a 3.3% increase year-over-year.

Atria Wealth Solutions Inc. lowered its position in Carnival Corporation (NYSE:CCL - Free Report) by 23.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 40,413 shares of the company's stock after selling 12,150 shares during the period. Atria Wealth Solutions Inc.'s holdings in Carnival were worth $1,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Carnival by 45.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 24,353 shares of the company's stock valued at $685,000 after purchasing an additional 7,564 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Carnival by 25.2% in the second quarter. Sequoia Financial Advisors LLC now owns 32,541 shares of the company's stock worth $915,000 after buying an additional 6,548 shares in the last quarter. Index Fund Advisors Inc. purchased a new position in Carnival in the 2nd quarter worth approximately $207,000. Vanguard Personalized Indexing Management LLC lifted its stake in Carnival by 20.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,368 shares of the company's stock worth $3,497,000 after purchasing an additional 21,060 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in Carnival by 46.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 20,967 shares of the company's stock worth $590,000 after purchasing an additional 6,611 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Price Performance

Carnival stock opened at $28.18 on Friday. The company has a market capitalization of $32.90 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 0.61 and a beta of 2.68. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The company's 50 day simple moving average is $30.24 and its 200-day simple moving average is $25.96.

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

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was 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 approximately $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 can be accessed through the SEC website. Corporate insiders own 7.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CCL shares. Loop Capital reiterated a "hold" rating and set a $22.00 price objective on shares of Carnival in a research report on Monday, June 23rd. Bank of America lifted their price target on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Argus reduced their target price on shares of Carnival from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, September 30th. Morgan Stanley lifted their target price on shares of Carnival from $30.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 1st. 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 assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.00.

Carnival Company 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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