Corient IA LLC Takes Position in Carnival Corporation $CCL

Key Points

• Corient IA LLC has acquired 15,000 shares of Carnival Corporation, amounting to an investment of approximately $293,000.
• Several institutional investors have increased their stakes in Carnival Corporation, with 67.19% of its stock now owned by such investors.
• Carnival's earnings report revealed a 9.5% year-over-year revenue growth, with earnings per share beating expectations at $0.35.

Corient IA LLC bought a new stake in shares of Carnival Corporation (NYSE:CCL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,000 shares of the company's stock, valued at approximately $293,000.

Other hedge funds have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of Carnival during the first quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new position in Carnival in the first quarter worth approximately $26,000. Measured Risk Portfolios Inc. bought a new position in Carnival in the fourth quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in Carnival in the fourth quarter worth approximately $30,000. Finally, Zions Bancorporation National Association UT bought a new position in Carnival in the first quarter worth approximately $35,000. Institutional investors own 67.19% of the company's stock.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction 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 completion of the sale, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.60% of the company's stock.

Carnival Stock Up 0.1%

NYSE CCL traded up $0.0210 during midday trading on Thursday, hitting $29.2810. 10,428,703 shares of the company traded hands, compared to its average volume of 23,620,922. 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 company has a market cap of $34.18 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 0.66 and a beta of 2.70. The company's 50-day simple moving average is $28.24 and its 200-day simple moving average is $23.87. 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 announced its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, equities research analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup increased their price objective on Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Hsbc Global Res raised Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. TD Cowen assumed coverage on Carnival in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 price objective on the stock. Stifel Nicolaus increased their price objective on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Barclays increased their price objective on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Thirteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.71.

Carnival 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.