Cwm LLC Sells 43,787 Shares of Carnival Corporation $CCL

Key Points

• Cwm LLC has reduced its stake in Carnival Corporation by 32.2%, selling 43,787 shares in the second quarter and retaining 92,128 shares valued at approximately $2.59 million.
• Carnival reported $1.43 EPS for the quarter, exceeding estimates, with revenues of $8.15 billion and a year-over-year increase of 3.3%.
• Institutional investors own 67.19% of Carnival's stock, with multiple firms recently purchasing new positions in the company.

Cwm LLC cut its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 32.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,128 shares of the company's stock after selling 43,787 shares during the period. Cwm LLC's holdings in Carnival were worth $2,591,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group purchased a new position in Carnival in the second quarter valued at approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in Carnival in the first quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new position in Carnival in the first quarter valued at approximately $26,000. Zions Bancorporation National Association UT purchased a new position in Carnival in the first quarter valued at approximately $35,000. Finally, Wealthquest Corp purchased a new position in Carnival in the first quarter valued at approximately $36,000. 67.19% of the stock is owned by institutional investors.

Carnival Trading Up 0.3%

NYSE:CCL opened at $28.31 on Friday. The company has a market cap of $33.05 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.60 and a beta of 2.68. The stock's fifty day moving average price is $30.24 and its two-hundred day moving average price is $26.06. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL - Get Free Report) last posted its earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The firm had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the business posted $1.27 earnings per share. The business's quarterly revenue was up 3.3% on a year-over-year basis. 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, analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Insider Activity

In related 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 value of $371,875.00. Following the sale, 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 7.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CCL shares. Wall Street Zen downgraded Carnival from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Stifel Nicolaus upped their price objective on Carnival from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Mizuho upped their price objective on Carnival from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Thursday, September 25th. Tigress Financial increased their target price on Carnival from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Melius Research increased their target price on Carnival from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $33.00.

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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