Emprise Bank Invests $253,000 in Carnival Corporation $CCL

Key Points

• Emprise Bank has invested approximately $253,000 in Carnival Corporation, purchasing 9,012 shares in the second quarter.
• Recent earnings data showed Carnival Corporation reported $0.35 EPS for the quarter, exceeding estimates, with a revenue of $6.33 billion.
• Analysts have increased price targets for Carnival, with a consensus rating of "Moderate Buy" and an average price target of $31.42.

Emprise Bank purchased a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,012 shares of the company's stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Carnival in the 4th quarter valued at about $30,000. N.E.W. Advisory Services LLC bought a new position in Carnival in the 1st quarter valued at about $25,000. Graybill Wealth Management LTD. bought a new position in Carnival in the 1st quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new position in Carnival in the 1st quarter valued at about $35,000. Finally, Wealthquest Corp bought a new position in Carnival in the 1st quarter valued at about $36,000. Institutional investors own 67.19% of the company's stock.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction that occurred 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 represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 7.60% of the company's stock.

Carnival Trading Down 0.9%

NYSE:CCL opened at $31.22 on Tuesday. The stock's 50 day moving average price is $30.22 and its 200 day moving average price is $24.61. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The company has a market capitalization of $36.45 billion, a P/E ratio of 16.88, a P/E/G ratio of 0.70 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The firm 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 company posted $0.11 earnings per share. The firm'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. On average, research analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CCL shares. Mizuho upped their price target on shares of Carnival from $33.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Bank of America upped their price target on shares of Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Barclays upped their price target on shares of Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Loop Capital reissued a "hold" rating and issued a $22.00 price target on shares of Carnival in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Carnival from $34.00 to $39.00 and gave the company an "overweight" rating in a report on Monday. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Carnival presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.42.

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.

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