CHURCHILL MANAGEMENT Corp Purchases 15,809 Shares of Carnival Corporation $CCL

Key Points

• CHURCHILL MANAGEMENT Corp increased its stake in Carnival Corporation by 2.9% by purchasing an additional 15,809 shares, bringing its total to 562,296 shares valued at approximately $15.8 million.
• Several analysts have raised their price targets for Carnival's stock, with Citigroup increasing its target from $37 to $38, indicating a strong buy sentiment among analysts.
• Carnival Corporation reported earnings per share (EPS) of $1.43 for the quarter, surpassing analysts' expectations of $1.32, along with a revenue of $8.15 billion, reflecting a year-over-year growth of 3.3%.

CHURCHILL MANAGEMENT Corp lifted its position in Carnival Corporation (NYSE:CCL - Free Report) by 2.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 562,296 shares of the company's stock after purchasing an additional 15,809 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in Carnival were worth $15,812,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in Carnival in the second quarter worth approximately $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival in the 1st quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Carnival in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT bought a new position in shares of Carnival during the 1st quarter valued at $35,000. Finally, Wealthquest Corp bought a new position in shares of Carnival during the 1st quarter valued at $36,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the subject of several analyst reports. Citigroup upped their price target on shares of Carnival from $37.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday. UBS Group set a $35.00 target price on Carnival and gave the company a "buy" rating in a report on Wednesday. Mizuho raised their price target on Carnival from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Thursday, September 25th. Tigress Financial boosted their price objective on Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Argus dropped their price objective on Carnival from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday. Seventeen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.90.

Carnival Price Performance

Shares of Carnival stock opened at $28.40 on Thursday. The business has a 50 day moving average of $30.46 and a 200 day moving average of $25.37. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The company has a market cap of $33.15 billion, a PE ratio of 14.79, a P/E/G ratio of 0.60 and a beta of 2.69. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same period in the previous year, the firm earned $1.27 EPS. The company's quarterly revenue 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 forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the sale, the director directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.60% of the stock is owned by company insiders.

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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