13,618 Shares in Carnival Corporation $CCL Purchased by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. has acquired a new position in Carnival Corporation, purchasing 13,618 shares valued at approximately $383,000, according to a recent SEC filing.
• Carnival reported $0.35 earnings per share last quarter, surpassing estimates and showing a year-over-year revenue increase of 9.5%, with guidance for FY 2025 set at 1.970 EPS.
• Several analysts have raised their price targets on Carnival shares, with Bank of America increasing theirs from $31 to $38 and maintaining a "buy" rating.

Kera Capital Partners Inc. purchased a new stake in Carnival Corporation (NYSE:CCL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,618 shares of the company's stock, valued at approximately $383,000.

A number of other institutional investors have also recently bought and sold shares of CCL. Focus Partners Wealth lifted its stake in Carnival by 144.3% in the fourth quarter. Focus Partners Wealth now owns 46,841 shares of the company's stock valued at $1,188,000 after buying an additional 27,667 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Carnival during the fourth quarter worth $353,000. Janus Henderson Group PLC grew its position in Carnival by 4.2% in the fourth quarter. Janus Henderson Group PLC now owns 59,499 shares of the company's stock valued at $1,483,000 after purchasing an additional 2,380 shares in the last quarter. Lazard Asset Management LLC increased its stake in Carnival by 11.0% in the 4th quarter. Lazard Asset Management LLC now owns 120,147 shares of the company's stock valued at $2,994,000 after buying an additional 11,922 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Carnival by 5.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,732 shares of the company's stock valued at $2,660,000 after buying an additional 5,277 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Insider Activity

In related news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.60% of the company's stock.

Carnival Stock Performance

Shares of NYSE:CCL traded down $0.75 on Friday, hitting $30.70. The company had a trading volume of 9,318,760 shares, compared to its average volume of 22,851,775. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 0.70 and a beta of 2.70. The stock has a 50 day moving average price of $30.36 and a 200 day moving average price of $24.76. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58.

Carnival (NYSE:CCL - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Carnival's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 earnings per share. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CCL shares. Truist Financial lifted their price target on shares of Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Bank of America lifted their price target on shares of Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Barclays boosted their target price on shares of Carnival from $33.00 to $37.00 and gave the stock an "overweight" rating in a report on Wednesday. Morgan Stanley boosted their target price on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Carnival from $34.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Carnival has an average rating of "Moderate Buy" and an average price target of $31.63.

Carnival 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.