Carnival Corporation (NYSE:CCL) Shares Sold by Spire Wealth Management

Spire Wealth Management cut its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 83.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,589 shares of the company's stock after selling 38,144 shares during the quarter. Spire Wealth Management's holdings in Carnival were worth $148,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. IFP Advisors Inc grew its position in shares of Carnival by 26.3% in the fourth quarter. IFP Advisors Inc now owns 7,599 shares of the company's stock valued at $189,000 after purchasing an additional 1,580 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Carnival in the fourth quarter valued at approximately $448,000. Proficio Capital Partners LLC purchased a new position in Carnival during the fourth quarter worth approximately $3,000,000. US Bancorp DE boosted its stake in Carnival by 2.8% during the fourth quarter. US Bancorp DE now owns 34,170 shares of the company's stock worth $852,000 after buying an additional 946 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Carnival by 8.0% in the 4th quarter. Metis Global Partners LLC now owns 34,979 shares of the company's stock valued at $872,000 after buying an additional 2,586 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Stock Up 1.0%

Shares of NYSE CCL traded up $0.29 during midday trading on Thursday, hitting $29.94. The company's stock had a trading volume of 19,981,445 shares, compared to its average volume of 25,198,600. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The firm has a market capitalization of $34.95 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 0.63 and a beta of 2.61. The business's fifty day simple moving average is $22.89 and its two-hundred day simple moving average is $22.90. Carnival Corporation has a 1 year low of $13.78 and a 1 year high of $30.23.

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, topping analysts' consensus estimates of $0.24 by $0.11. The company had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. On average, equities analysts predict that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Loop Capital reissued a "hold" rating and set a $22.00 price target on shares of Carnival in a research report on Monday, June 23rd. Susquehanna lifted their target price on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. Truist Financial set a $27.00 price target on shares of Carnival in a research note on Monday, June 23rd. Macquarie reduced their price target on shares of Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, William Blair reiterated an "outperform" rating on shares of Carnival in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.65.

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.