Callan Family Office LLC Makes New Investment in Carnival Corporation $CCL

Key Points

• Callan Family Office LLC made a new investment in Carnival Corporation by acquiring 17,019 shares valued at approximately $479,000 during the second quarter.
• Carnival Corporation's latest earnings report revealed $1.43 EPS for the quarter, exceeding expectations and indicating a 3.3% revenue increase year-over-year.
• Analyst ratings for Carnival show a consensus of "Moderate Buy" with price targets ranging from $30.00 to $40.00 from various firms.

Callan Family Office LLC bought a new position in Carnival Corporation (NYSE:CCL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,019 shares of the company's stock, valued at approximately $479,000.

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Carnival in the first quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carnival in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Carnival in the second quarter valued at approximately $28,000. Banque Transatlantique SA acquired a new stake in shares of Carnival in the first quarter valued at approximately $33,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Carnival in the first quarter valued at approximately $35,000. Institutional investors own 67.19% of the company's stock.

Carnival Trading Up 3.0%

Carnival stock opened at $28.94 on Wednesday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The firm has a market cap of $33.79 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 0.59 and a beta of 2.68. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The firm's 50 day moving average price is $30.27 and its two-hundred day moving average price is $25.88.

Carnival (NYSE:CCL - Get Free Report) last posted 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. 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%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, research analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Carnival from $30.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 1st. Barclays raised their price target on shares of Carnival from $33.00 to $37.00 and gave the company an "overweight" rating in a research note on Wednesday, September 17th. Argus dropped their price target 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. Stifel Nicolaus raised their price objective on shares of Carnival from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Finally, Zacks Research upgraded shares of Carnival from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.90.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.60% of the company's stock.

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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