GC Wealth Management RIA LLC Purchases 17,101 Shares of Carnival Corporation $CCL

Key Points

• GC Wealth Management RIA LLC increased its stake in Carnival Corporation by 89.3% during the second quarter, owning a total of 36,247 shares worth approximately $1,019,000.
• Analysts have recently upgraded Carnival's stock, with Mizuho raising the price objective from $35.00 to $37.00 and giving it an "outperform" rating, indicating positive outlook for the company.
• Carnival Corporation reported an EPS of $1.43 for the last quarter, exceeding analyst expectations and showing a revenue increase of 3.3% year-over-year.

GC Wealth Management RIA LLC lifted its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 89.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,247 shares of the company's stock after buying an additional 17,101 shares during the quarter. GC Wealth Management RIA LLC's holdings in Carnival were worth $1,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Vanguard Group Inc. increased its holdings in shares of Carnival by 2.1% during the first quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company's stock valued at $2,333,947,000 after acquiring an additional 2,410,188 shares in the last quarter. Causeway Capital Management LLC purchased a new stake in Carnival during the 1st quarter valued at $518,816,000. Nuveen LLC bought a new position in Carnival in the first quarter valued at about $432,718,000. Invesco Ltd. boosted its holdings in shares of Carnival by 24.7% in the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company's stock worth $253,211,000 after buying an additional 2,566,148 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Carnival by 16.8% during the 1st quarter. Northern Trust Corp now owns 12,425,707 shares of the company's stock worth $242,674,000 after acquiring an additional 1,787,015 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCL. Mizuho boosted their price objective on Carnival from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Thursday. Melius Research raised their price objective on Carnival from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Susquehanna boosted their price target on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. boosted their price objective on Carnival from $34.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, September 15th. Finally, Bank of America raised their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Carnival has a consensus rating of "Moderate Buy" and an average price target of $31.95.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.60% of the stock is owned by corporate insiders.

Carnival Stock Down 3.9%

Shares of NYSE CCL opened at $29.44 on Tuesday. The stock's fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $25.32. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. 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 $34.37 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 0.68 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. The business had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.09 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 earnings per share. 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 fiscal year.

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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