Carnival Corporation $CCL Shares Sold by GFG Capital LLC

Key Points

• GFG Capital LLC significantly reduced its holdings in Carnival Corporation (CCL) by 94.9%, selling 27,740 shares and now owning only 1,500 shares valued at $42,000.
• Analysts have varying outlooks on Carnival, with several raising their price targets recently; JPMorgan Chase increased its target from $34.00 to $39.00, while Argus lowered its target from $40.00 to $35.00.
• Carnival's latest financial results showed earnings per share (EPS) of $1.43 for the quarter, exceeding estimates and indicating a 3.3% year-over-year revenue increase to $8.15 billion.

GFG Capital LLC reduced its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 94.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,500 shares of the company's stock after selling 27,740 shares during the period. GFG Capital LLC's holdings in Carnival were worth $42,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CCL. N.E.W. Advisory Services LLC purchased a new stake in shares of Carnival in the 1st quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Carnival in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Carnival in the 2nd quarter valued at $28,000. Banque Transatlantique SA purchased a new stake in shares of Carnival in the 1st quarter valued at $33,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Carnival in the 1st quarter valued at $35,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on CCL shares. JPMorgan Chase & Co. upped their price objective on shares of Carnival from $34.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, September 15th. Argus lowered their price target on shares of Carnival from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, September 30th. 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 report on Monday, July 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of Carnival in a report on Wednesday. Finally, Tigress Financial increased their price target on shares of Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Carnival currently has an average rating of "Moderate Buy" and an average price target of $32.90.

Carnival Stock Performance

CCL opened at $28.92 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The company has a market cap of $33.77 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.60 and a beta of 2.68. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The firm's fifty day simple moving average is $30.36 and its two-hundred day simple moving average is $25.64.

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

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director directly owned 64,406 shares in the company, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.60% of the stock is owned by company insiders.

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.

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