EverSource Wealth Advisors LLC Has $652,000 Holdings in Carnival Corporation $CCL

Key Points

• EverSource Wealth Advisors LLC reduced its holdings in Carnival Corporation by 48.4%, owning 33,378 shares worth approximately $652,000 after the sale.
• Analysts have a consensus rating of "Moderate Buy" for Carnival, with a price target averaging $30.71, indicating continued positive sentiment despite recent stock fluctuations.
• Carnival's recent financial performance showed a 9.5% year-over-year revenue increase and earnings per share of $0.35, surpassing analyst estimates.

EverSource Wealth Advisors LLC reduced its stake in Carnival Corporation (NYSE:CCL - Free Report) by 48.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,378 shares of the company's stock after selling 31,369 shares during the period. EverSource Wealth Advisors LLC's holdings in Carnival were worth $652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in shares of Carnival in the 1st quarter worth $25,000. Graybill Wealth Management LTD. bought a new position in shares of Carnival in the 1st quarter worth $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Carnival in the 4th quarter worth $29,000. Orion Capital Management LLC bought a new position in shares of Carnival in the 4th quarter worth $30,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Carnival in the 1st quarter worth $35,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Stock Up 0.1%

Shares of Carnival stock traded up $0.0210 during trading on Thursday, reaching $29.2810. The stock had a trading volume of 10,409,890 shares, compared to its average volume of 23,600,318. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The stock has a fifty day moving average price of $28.24 and a two-hundred day moving average price of $23.87. The company has a market capitalization of $34.18 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 0.66 and a beta of 2.70. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $31.01.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.Carnival's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Sell-side analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the topic of several recent analyst reports. Macquarie reduced their target price on Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Loop Capital reiterated a "hold" rating and set a $22.00 target price on shares of Carnival in a report on Monday, June 23rd. Tigress Financial lifted their target price on Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Bank of America lifted their target price on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Citigroup lifted their target price on Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $30.71.

Insider Activity

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value 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. The trade was 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.

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.