Carnival Corporation $CCL Shares Sold by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC reduced its holdings in Carnival Corporation by 57.0%, selling 18,381 shares and now owning 13,883 shares valued at approximately $271,000.
• Other institutional investments include Vanguard Group, which increased its stake by 2.1%, and Causeway Capital Management LLC purchasing a new stake worth $518,816,000.
• Carnival's recent earnings report exceeded expectations, with $6.33 billion in revenue and an earnings per share of $0.35, above the anticipated $0.24.

CreativeOne Wealth LLC decreased its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 57.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,883 shares of the company's stock after selling 18,381 shares during the quarter. CreativeOne Wealth LLC's holdings in Carnival were worth $271,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Causeway Capital Management LLC bought a new stake in Carnival during the 1st quarter valued at $518,816,000. Orion Capital Management LLC grew its stake in shares of Carnival by 450.0% in the 1st quarter. Orion Capital Management LLC now owns 6,600 shares of the company's stock worth $129,000 after acquiring an additional 5,400 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Carnival during the first quarter valued at about $5,459,000. Jump Financial LLC boosted its position in Carnival by 15.0% during the first quarter. Jump Financial LLC now owns 22,538 shares of the company's stock worth $440,000 after purchasing an additional 2,943 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Carnival by 28.7% during the first quarter. Smartleaf Asset Management LLC now owns 13,033 shares of the company's stock worth $259,000 after purchasing an additional 2,904 shares during the period. Institutional investors own 67.19% of the company's stock.

Carnival Trading Down 0.7%

NYSE CCL traded down $0.22 on Friday, reaching $31.54. 12,077,148 shares of the company were exchanged, compared to its average volume of 14,918,333. 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 market capitalization of $36.82 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.71 and a beta of 2.70. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.77. The business's fifty day moving average price is $29.94 and its 200 day moving average price is $24.28.

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

Insider Activity at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCL. Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Zacks Research cut shares of Carnival from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Morgan Stanley lifted their price target on shares of Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Loop Capital restated a "hold" rating and set a $22.00 target price on shares of Carnival in a report on Monday, June 23rd. Finally, Barclays lifted their price target on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Carnival has an average rating of "Moderate Buy" and a consensus price target of $30.71.

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.