CW Advisors LLC Has $602,000 Stock Holdings in Carnival Corporation $CCL

Key Points

• CW Advisors LLC increased its stake in Carnival Corporation by 171.7% during the first quarter, owning 30,778 shares valued at $602,000 at quarter's end.
• A significant portion of Carnival's stock, 67.19%, is held by institutional investors and hedge funds, with Vanguard Group leading with an investment of over $2.33 billion.
• Several analysts have issued new price targets for Carnival, with most rating it a "buy" and the consensus target price lifted to $30.71.

CW Advisors LLC increased its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 171.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,778 shares of the company's stock after buying an additional 19,451 shares during the quarter. CW Advisors LLC's holdings in Carnival were worth $602,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Carnival by 2.1% during the first quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company's stock worth $2,333,947,000 after buying an additional 2,410,188 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Carnival by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after purchasing an additional 5,761,489 shares in the last quarter. Nuveen LLC acquired a new stake in Carnival during the first quarter valued at approximately $432,718,000. Invesco Ltd. boosted its holdings in Carnival by 24.7% during the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company's stock valued at $253,211,000 after purchasing an additional 2,566,148 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Carnival by 16.8% during the first quarter. Northern Trust Corp now owns 12,425,707 shares of the company's stock valued at $242,674,000 after purchasing an additional 1,787,015 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CCL shares. Stifel Nicolaus lifted their price objective on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Susquehanna lifted their price objective on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. TD Cowen started coverage on Carnival in a report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price objective on the stock. Bank of America lifted their price objective on Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Tigress Financial lifted their price objective on Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Carnival presently has an average rating of "Moderate Buy" and a consensus target price of $30.71.

Insider Activity at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were 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. The trade was a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.60% of the company's stock.

Carnival Stock Performance

CCL stock opened at $31.89 on Wednesday. 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 50 day moving average price of $28.85 and a 200 day moving average price of $23.96. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $31.91. The stock has a market capitalization of $37.23 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 0.70 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The company had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

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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